Petronas in first India LNG supply deal with H-Energy

For illustration purposes only (Image courtesy of MISC)

A unit of Malaysian energy giant Petronas has signed a liquefied natural gas (LNG) deal to supply the chilled fuel to India.

Petronas LNG signed the sale and purchase agreement with H-Energy Mideast DMCC (HEMD), a Dubai-based wholly-owned unit of Hiranandani Group’s H-Energy.

The deal signed on January 24 is the first Indian LNG supply deal for Petronas that operates the giant Bintulu LNG complex in Sarawak.

Petronas did not reveal the amount of LNG it would sell to H-Energy nor the time frame.

The company said that the deal was in line with its growth strategy to expand its LNG supply and “help meet rising demand for clean and reliable energy in the fourth-fastest-growing economy in the world.”

Petronas says it is currently the third largest LNG player globally. It has also diversified its LNG supply portfolio in recent years with the inclusion of Australia Gladstone LNG and the world’s first floating LNG facility, the PFLNG Satu.

On the other side, H-Energy is developing LNG import projects in India. Recently, it joined forces with Japanese shipping company Kawasaki Kisen Kaisha (K Line) for an LNG import development in West Bengal on the east coast of India.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >