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
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