Avenir chartered its first LNG barge to Petronas
The first gas carrier of the series will be deployed in Malaysia, while next spring its sister ship should be delivered in Oristano
As anticipated, the first newbuilding to be delivered by Keppel to Avenir LNG will be deployed in Malaysia, not in Sardinia, in the LNG coastal depot which Higas (a subsidiary of Avenir and an affiliate of the Italian companies Gas and Heat and CPL Concordia) is building in the industrial port of Oristano.
In fact, Avenir officially declared that it entered into a charter agreement with Petronas LNG Sdn. Bhd. (PLSB) – a subsidiary of the Malaysian State oil company Petronas – for its first 7,500 cbm gas carrier to be deployed in the ports of the Asiatic Country for liquefied natural gas bunkering activities, and in LNG transport services for the small scale terminals of the region.
In this initiative, Avenir – whose reference shareholder is the Norwegian company Stolt-Nielsen – will be supported by a local partner: the Malaysian shipping company MISC Berhad (MISC). Avenir and MISC will establish a joint-venture which will deal with the commercial management of the new gas-fuelled barge, whose technical management will be entrusted to Eaglestar Shipmanagement (L) Pte Ltd, fully owned by MISC.
“We are very happy about the partnership with MISC to charter our first 7,500 cbm gas carrier to PLSB, thus contributing to the launching of liquefied natural gas bunkering activities in Malaysia. Our collaboration with Petronas in the LNG small scale sector is strategic for the growth of this new market”, Avenir CEO Andrew Pickering observed.
According to the initial plan, the first newbuilding under construction by Keppel (designed by Trieste-based Marine Engineering Services) should have been deployed in Oristano, where its sister ship will probably be deployed.
As recently explained by Gas and Heat, and Higas managing director Claudio Evangelisti, Avenir decided to deploy the first of the 6 LNG barges for which it placed orders in the past years (2 with Keppel and another 4, out of which 2 have a capacity of 20,000 cbm, with CIMC Sinopacific) in Malaysia because it will be delivered in January 2020, while the Oristano terminal will enter into operation next summer (the first LNG cargo will be delivered on August the 6th 2020). For this reason, Avenir will deploy the first newbuilding in Malaysia, while its sister ship will sail from the Singapore shipyard during next spring to be delivered in Sardinia.