HOME

Track your shipment

Client Testimonials

"We wish to convey our sincere thanks to your organization which has been professionally handling our biz since 2003. We would like to take this opportunity to thank everyone of your staff members who supported and helped us during the hard times and gave us workable solutions and ideas to reach our business objectives. Al Rana Equipment & Machinery Trading Eng. Bassam Nowfat - Managing Director"

Al Rana Equipment & Machinery Trading,
View All

Subscribe To NewsLetter

Stay Updated with the latest news & Events and other activities

Subscribe Me !

News View

Petronas signs charters for three new LNG carriers
4/29/2021 12:00:00 AM

Malaysian state-owned Petronas has signed charter agreements for three new 174,000m³ LNG carriers with South Korean shipowner Hyundai LNG Shipping (HLS), for use with the planned 14mn t/yr LNG Canada project.

Petronas is scheduled to receive the carriers from the second quarter of 2024. They have already been ordered by HLS from South Korean shipbuilder Hyundai Heavy Industries. HLS has eight carriers on the water.
Petronas reached a final investment decision on LNG Canada — located in British Columbia on Canada's Pacific coast — with its partners in 2018. The project is due to come on line in 2024.
Direct access to the Pacific means that, like the Energia Costa Azul LNG project in Mexico, cargoes heading to northeast Asian markets will not have to transit the Panama Canal.
The recent buildout of liquefaction capacity in the US Gulf has significantly increased Panama transit demand, causing delays at the waterway when Asian LNG demand is strong enough to pull Atlantic volumes away from Europe and other demand regions in the basin.
Source: Argus
Thanks