Petronas LNG, Gas4Sea to Team Up on Bunkering

Malaysian state-owned Petronas is looking to get more deeply involved in LNG bunkering.

Its subsidiary Petronas LNG and its shipping affiliate MISC have signed a memo of understanding (MoU) with Gas4Sea, an entity created last year by Engie, Mitsubishi Corporation and NYK Line, to market LNG as a marine fuel around the world.

Under the MoU, parties will explore ways to collaborate and identify potential business opportunities in relation to LNG bunkering, Petronas said May 16.

Gas4Sea logo (Credit: NYK Line)

"Petronas is looking at ways to further promote the consumption of LNG beyond the existing markets portfolios, and advocating LNG as marine fuel is a new frontier for the LNG sector," Petronas LNG chief marketing officer and CEO Ezhar Yazid Jaafar said.

Gas4Sea has a purpose-built LNG bunkering vessel to bunker vessels at the Belgian port of Zeebrugge, as well as at other nearby ports.

Shardul Sharma