Petroliam Nasional Bhd (Petronas) and MISC Bhd signed a 20-year time constitution settlement for 5 liquefied pure fuel (LNG) tankers.
“MISC will present challenge administration companies all through the shipbuilding section, adopted by operationalization and ship administration of the vessels upon supply starting 2029”, Malaysia’s state-owned Petronas mentioned in a press launch.
“This built-in method ensures larger operational continuity and reliability from building to business operations, leveraging MISC’s intensive expertise in LNG vessel administration”.
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The vessels might be in-built Shanghai, China. The constitution contracts will take impact between 2029 and 2030, Petronas mentioned.
“The vessels will incorporate fashionable and efficiency-driven applied sciences aligned with evolving environmental and operational requirements. These embrace the newest XDF2.1 propulsion expertise, shaft turbines that improve gasoline effectivity throughout voyages, and an onboard reliquefaction plant to successfully handle boil-off”, Petronas mentioned.
As of final yr, Petronas’ fleet of LNG, crude and oil merchandise carriers consisted of 108 vessels, in response to its report of outcomes for 2025.
In 2025 Petronas delivered 563 LNG cargoes together with 383 cargoes from the Petronas LNG complicated within the Bintulu district of Sarawak state and 41 cargoes from floating services PFLNG Satu and PFLNG Dua. LNG gross sales totaled 36.62 million metric tons, in response to the report.
Final yr Petronas and its companions started exporting from LNG Canada. On July 7, 2025 Petronas mentioned it had shipped its first manufacturing share from the British Columbia facility to Japan. Every three way partnership participant is accountable for advertising their web volumes, in response to the three way partnership LNG Canada Growth Inc.
“LNG Canada is a important part of Petronas’ international LNG technique to diversify its provide portfolio and improve market flexibility”, Petronas mentioned then.
“Strategically positioned on Canada’s west coast and related to Petronas’ upstream fuel belongings in Northeast BC, LNG Canada affords a direct and environment friendly delivery hall to key north Asian markets together with Japan, South Korea and China”, Petronas added.
LNG Canada has a declared capability of 14 million tons a yr. Petronas beforehand held 25 p.c of LNG Canada. On December 17, 2025 MidOcean Power introduced the completion of its acquisition of a 20 p.c stake within the Petronas subsidiary concerned in LNG Canada and 20 p.c in Petronas’ upstream arm within the North American nation.
To contact the creator, e mail jov.onsat@rigzone.com
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