Malaysian state-owned oil company Petroliam Nasional Berhad (Petronas) said it had delivered its first liquefied natural gas (LNG) cargo to South Korea’s No.3 refiner S-Oil Corp.
The April 22 delivery, via subsidiary Petronas LNG Ltd, marks the beginning of a 15-year supply contract. Petronas is committed to delivering up to 700,000 tonnes of LNG a year to S-Oil, Petronas said in a statement.
S-Oil announced in August that it had signed a long-term LNG supply contract with Petronas from March, 2018 through March, 2033. It plans to use LNG as fuel to run refining plants and as a feedstock for petrochemical products.
Petronas said the cargo was delivered from its Bintulu LNG complex in the East Malaysian state of Sarawak.