Petronas Delivers First LNG Cargo To S-OIL Corporation

PETRONAS, through its subsidiary, PETRONAS LNG Ltd. (PLL) successfully delivered its first Liquefied Natural Gas (LNG) to South Korean Oil Refining Company, S-OIL Corporation, on 22nd April 2018, Sunday.

The delivery marks the beginning of PLL’s supply to S-OIL via a 15-year Sale and Purchase Agreement (SPA). Under the agreement, PLL is committed to deliver up to 0.7 million tonnes per annum (MTPA) of LNG to S-OIL.

The cargo was delivered from PETRONAS LNG Complex in Bintulu, Sarawak, to POSCO Gwangyang Terminal by Puteri Zamrud Satu, the LNG vessel chartered by MLNG and operated by PETRONAS’ subsidiary MISC Berhad (MISC).

During the S-OIL First LNG Cargo Receiving Ceremony, PETRONAS’ Vice President of LNG Marketing & Trading, Ahmad Adly Alias, said that the success of the delivery was due to the efficient and effective collaboration between PETRONAS, S-OIL, POSCO and MISC, in ensuring all operational challenges were addressed effectively.

“As an integrated global oil and gas player, PETRONAS remains committed to becoming the most reliable LNG supplier, through innovative and flexible solutions to accommodate the different needs of our buyers,” said Ahma d Adly.

Backed by over 30 years of LNG experience, PETRONAS is recognised as a reliable and flexible LNG supplier, operating from its main supply base in Bintulu, Sarawak. In addition, PETRONAS has also diversified its LNG supply portfolio in recent years with the inclusion of Australia’s Gladstone LNG and the world’s first floating LNG facility located offshore Sarawak.

S-OIL is an oil refining company, headquartered in Seoul, South Korea, which was established in 1976 and produces petroleum, petrochemical and lube base oil products.

Press release: petronas.com

Latest Shipping News You Would Like:

US Navy Unmanned Surface Vessels Visit Yokosuka, Japan For The First Time

Posted on September 22, 2023

Unmanned Surface Vessel Division ONE, Unmanned Surface Vessel dubbed the “Ranger” is observed to be anchored at the Fleet Activities Yokosuka.

U.S Navy To Carry Out Biggest Overhaul of Its Top-Secret Undersea Surveillance Network To Counter China

Posted on September 22, 2023

The U.S. Navy has been investing billions of dollars for the revamp of its Cold War-time submarine detection system in the Pacific Ocean.

3 South African Navy Personnel Die After Being Swept Off Submarine Deck By Gigantic Wave

Posted on September 22, 2023

Sven members of the crew and a submarine were reportedly swept off the vessel’s deck by huge sea waves.

Ukraine Trolls Russia For Losing Its Attack Submarine To A Nation That Hardly Has A Navy

Posted on September 22, 2023

Ukraine is now taking a victory lap following a devastating attack on one of the main Black Sea ports last week, trolling Russia’s loss of its attack submarine.

Keel Laying Ceremony Held For US Navy’s Amphibious Assault Ship USS Fallujah

Posted on September 22, 2023

Future USS Fallujah is the fourth vessel of the America class of amphibious assault ships, built for facilitating the forward presence as well as power projection.