Petronas Starts LNG Sales to Hokuriku
Malaysian state producer Petronas has delivered its first cargo of LNG to Japan’s Hokuriku Electric Power Company (Hokuriku Electric), it said April 3.
The March 17 delivery, from the Malaysia LNG-operated plant at Bintulu, marks the start of supplies to Hokuriku Electric following a sale and purchase agreement signed December 6, 2016. Under the terms of the agreement, Petronas will supply up to six cargoes of LNG/yr for 10 years. It was delivered to the Toyama-Shinko aboard the Seri Amanah, chartered by MLNG and operated by Petronas' subsidiary MISC.
Petronas said at the inauguration ceremony that the "successful collaboration between MLNG, MISC, and Hokuriku Electric to customise LNG vessels and meet the requirements of the delivery contributed to the efficient and stable supply to Hokuriku Electric. As an integrated global oil and gas player, Petronas remains committed to delivering the reliable supply of LNG through innovative and flexible solutions to accommodate the different needs of our buyers.” Hokuriku Electric is the regional power utility for the Hokuriku region, on the coast of northwestern Honshu, Japan's main island.
Map credit: Hokuriku Electric