KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has decided to buy its new-build liquefied natural gas (LNG) ships to meet its transportation needs.
The national oil company said on Thursday this was part of its strategy to optimise the value of its LNG business.
"The move will allow Petronas to have direct access to LNG shipping capacity at the lowest possible costs," it said.
Petronas said it would engage MISC Bhd to provide project management and technical consultancy services for the construction of the new LNG ships.
The decision to work with MISC was because of its extensive experience and expertise in the LNG shipping sector and familiarity with Petronas' business needs.
The national oil company said on Thursday this was part of its strategy to optimise the value of its LNG business.
"The move will allow Petronas to have direct access to LNG shipping capacity at the lowest possible costs," it said.
Petronas said it would engage MISC Bhd to provide project management and technical consultancy services for the construction of the new LNG ships.
The decision to work with MISC was because of its extensive experience and expertise in the LNG shipping sector and familiarity with Petronas' business needs.
Post to be found at:
http://www.thestar.com.my/Business/Business-News/2013/08/01/Petronas-to-buy-new-LNG-ships-directly.aspx
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