Petronas Completes 1st Break Bulking STS Transfer

Petronas LNG, a unit of state-owned Petronas, has successfully delivered its first LNG cargo through its maiden break bulking ship-to-ship (STS) transfer in Brunei Bay, Bernama reported June 13 citing a company statement.

The cargo from Malaysia LNG (MLNG), Bintulu, was transferred from vessel Seri Bijaksana to vessel SS Lucia Ambition. Petronas LNG said cargo from SS Lucia Ambition and remaining cargo in Seri Bijaksana will subsequently be delivered to respective buyers.

"As the LNG market becomes more liquid and with the emergence of new markets and non-traditional buyers who face operational constraints at their terminals, Petronas is committed to supporting the growth of these markets through providing innovative and flexible operational solutions such as LNG break bulk services via STS," said Ahmad Adly, vice president LNG Marketing and Trading, Petronas.

Adly added that today's Asian buyers prefer to grow their LNG business gradually, by importing smaller parcels of LNG, moving away from the traditional mode of long term supplies over a specific term.