Business

Petronas cooperates with Tiger Gas in LNG bunkering business

Partnership began in 2020, when both companies signed a sale and purchase agreement to supply the Chinese market with LNG via ISO tanks.

Published

3 years ago

March 9, 2023

Admin

PETRONAS Cooperates with TIGER GAS in LNG Bunkering Business

Malaysia-listed oil and gas company Petronas, through its Petronas Marine brand, on Wednesday (8 March) said it has inaugurated the liquefied natural gas (LNG) bunkering business with long-term partner Tiger Gas.

This follows the completion of its maiden ship-to-ship LNG bunkering operation of approximately 500 tonnes of LNG for the latter’s Tiger Maanshan, the world’s largest dual-fuel deck cargo ship.

The developments results in Tiger Gas thus becoming the first Chinese customer of the Petronas LNG bunkering business.

Present at a commemorative event held at the Tiger Gas office were Petronas Vice President of Refining, Marketing & Trading Ahmad Adly Alias; Chief Representative of Petronas Beijing Representative Office Lisy Lee; Head of Petronas Marine’s LNG Bunker Sales Mohd Firdaus Bin Kamilrudin; Chairman of Tiger Group Gerry Wang; Vice Chairman of Tiger Gas CC Xue; President of Tiger Gas Junfeng Xu; and Vice President of Tiger Gas, Glenn Qu; as well as other senior leaders from both companies.

Petronas Vice President of Refining, Marketing & Trading Ahmad Adly Alias said, “We are committed to making sustainability the cornerstone of our operations in China by providing energy solutions that would help accelerate the progress towards the country’s ‘Dual Carbon’ goal whilst collectively contributing to the energy industry growth alongside our partners.”

The partnership between Petronas and Tiger Gas began in 2020, when the two companies signed a sale and purchase agreement to supply the Chinese market with LNG via ISO tanks. This ground-breaking solution allows small and medium-sized businesses located at remote areas access to natural gas, while helping them achieve their sustainability goals.

Chairman of Tiger Group Gerry Wang said, “Tiger and Petronas have maintained a sound partnership for a long time. Today, offshore ship-to-ship LNG bunkering has greatly shortened the turnaround of LNG carrier vessels, laying a solid foundation for a more efficient and greener LNG supply chain. In the future, Tiger Gas will continue to work together with Petronas to facilitate the energy transition.”

“2023 marks Petronas’ 20th anniversary in China. Petronas has supported the fast-growing clean energy needs of our Chinese partners with sustainable quality products and solutions for the past two decades and will continue doing so, as we forge ahead together to achieve our net zero aspiration,” said Petronas in a statement.

“Moving forward, Petronas will remain committed to the Chinese market, empower the Chinese energy industry and contribute to the country’s economic development. Petronas will work with its Chinese partners and create a green and sustainable future together.”

Photo credit: Petronas
Published: 9 March, 2023

Business

Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

Creditors of the company will have to submit proof of debt to the liquidators of Parakou Shipping by 17 June, according to Government Gazette notice.

Published

2 days ago

June 5, 2026

Admin

A notice to declare the intended dividend of Parakou Shipping Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (3 June).

The following are the details of the notice of intended dividend:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Last Day of Receiving Proofs (if not already lodged): 17 June 2026
Name of Liquidator : Cameron Duncan
Address : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Photo credit: steve pb from Pixabay
Published: 5 June, 2026

LNG Bunkering

Chinese firms form pact for 20,000 cbm LNG bunkering vessel project

CM Energy Tech, Seacon Shipping Group and China Merchants Heavy Industry (Jiangsu) signed a joint venture agreement for 1+1 20,000 cubic meter LNG bunkering vessels.

Published

2 days ago

June 5, 2026

Admin

CM Energy Tech Co Ltd, Seacon Shipping Group Holdings Limited and China Merchants Heavy Industry (Jiangsu) Co Ltd on Tuesday (26 May) signed a joint venture agreement for the construction of 1+1 20,000 cubic meter liquefied natural gas (LNG) bunkering vessels.

The parties also signed a shipbuilding contract for the first vessel, which will be constructed by China Merchants Heavy Industry.

The project combines CM Energy Tech’s access to the China Merchants Group ecosystem, Seacon Shipping Group’s expertise in ship management and operations, and China Merchants Heavy Industry’s shipbuilding capabilities. The partners said the initiative is intended to address the shortage of large-capacity LNG bunkering vessels in the Chinese market.

The newbuild LNG bunkering vessel will feature dual C-type independent cargo tanks and is designed with a boil-off rate of just 0.16% per day. It will also be capable of delivering LNG at a bunkering rate of up to 2,000 cbm per hour, enabling efficient refuelling of large LNG-fuelled vessels.

The vessel will be powered by Wärtsilä dual-fuel engines and will comply with IMO Tier III emissions requirements. The first vessel is scheduled for delivery in 2028.

The three companies said they plan to further expand cooperation across the LNG value chain, strengthen their presence in the marine energy sector and provide customers with integrated LNG bunkering services focused on safety, operational efficiency and lower carbon emissions.

Photo credit: David Yu from Pixabay
Published: 5 June, 2026

Methanol

India’s Agastya inks green methanol offtake agreement with SAR Group

Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka.

Published

2 days ago

June 5, 2026

Admin

India’s clean energy conglomerate Agastya Group on Wednesday (3 June) said Agastya Green Fuels signed a long-term green methanol offtake agreement with Sri Lankan bunker supplier SAR Maritime Agencies, a SAR Group company, for the supply of 250,000 metric tonnes (mt) per annum of EU RFNBO RED III Compliant green methanol.

Agastya said the agreement establishes one of the largest green methanol supply partnerships in the Indian Ocean Region and marked a major step toward creating a new green maritime energy corridor connecting India and Sri Lanka.

The green methanol will be supplied from the Agastya Green Fuels Hub at Mulapeta Port, Andhra Pradesh, India, where Agastya is developing a green methanol export-oriented facility with a planned investment of USD 6 billion over the next six years. The facility is expected to produce 1 million mt per annum.

“Through this partnership, Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka, positioning Colombo, Hambantota, and Trincomalee as future clean-fuel hubs for global shipping,” the company said in a social media post.

“The Indian Ocean is emerging as the world’s next green fuel corridor. Agastya Green Fuels intends to be at its center,” said Shashi K Reddy Arjula, Founder and Group CEO of Agastya.

Photo credit: CHUTTERSNAP on Unsplash
Published: 5 June, 2026