Petronas seals 20-year deal with MISC for newbuild LNG vessel quintet
Malaysia’s owner and operator of offshore floating and energy-related maritime solutions and services MISC Group, a member of the Petronas Group of Companies, has struck a multi-year charter with Petronas LNG Ltd. (PLL), a subsidiary of Petronas, for five newbuild liquefied natural gas (LNG) carriers (LNGCs).
PLL has signed a 20-year time charter agreement with MISC for five newbuild 174,000-cbm LNG carriers, which will be constructed in Shanghai, China, with charter commencement expected between 2029 and 2030. This move is perceived to reinforce Petronas’ long-term LNG supply reliability, while supporting customers’ energy transition towards a lower-carbon future.
The deal was signed by Ezran Mahadzir, Chief Executive Officer of Petronas LNG, and Hazrin Hasan, MISC Vice President of Gas Asset and Solutions, following the conclusion of shipbuilding contracts between MISC and Hudong-Zhonghua Shipbuilding in January and February 2026.
These vessels are expected to incorporate modern and efficiency-driven technologies aligned with evolving environmental and operational standards, including the latest XDF2.1 propulsion technology, shaft
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