Petronas LNG, Ltd (PLL), a Malaysian Petronas subsidiary, has completed their first delivery of LNG to Myanmar in May. Following the maiden delivery is the second in June with the same destination city. This movement was made by Petronas as a way to grasp Myanmar’s gas industry which has been in the fast-growing phase. The purchase agreement between PLL and CNTIC VPower consisting of the two cargoes above, signed earlier this year. Cargoes were sold on a free-on-board basis, 190,000 cubic meters in total and loaded from Bintulu, Sarawak, facilities owned by Petronas LNG.
The delivery was also granted conditional approval to CNTIC VPower vessel as allowing first Bilobe type LNG vessel, The CNTIC VPower Global, to dock at the Bintulu terminal. Petronas said it was because of their focus in customer-centric that enables them to adapt fulfil customer demands in cleaner energy, and also to unique customer requirements.
CNTIC VPower is a joint-venture company between China National Technical Import and Export Corporation (CNTIC) and Hong Kong’s VPower Group International Holdings Ltd. This consortium won a few of LNG-to-power projects, Rakhine’s Kyaukphyu, Yangon’s Thaketa and Yangon’s Thanlyin, totalling in 900 megawatts through state-tender of the Energy Ministry of Myanmar, and are expected to start this year to meet Myanmar’s rapid demand growth in electricity, as much as 15-17% annually.
