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 Business

SPSB supports Petronas LNG Ltd in third STS operation

17th October, 2019

KOTA KINABALU: Sabah Ports Sdn Bhd (SPSB), a wholly-owned subsidiary of Suria Capital Holdings Berhad is one of the parties that supported Petronas LNG Ltd in its recent third break bulking ship-to-ship (STS) operation involving liquefied natural gas (LNG) at the Brunei Bay off Sabah waters.

Petronas LNG is a subsidiary of the national oil company.

SPSB’s role in this operation marks another milestone in its business relations and development with the country’s oil giant and will further solidify SPSB’s involvement in the oil and gas sector in Sabah, Suria Capital said in a statement Tuesday.

The completion of the STS operation was a collaborative effort with various stakeholders including SPSB.

In supporting the continuous success of Petronas LNG’s STS operation at Brunei Bay, SPSB will continue to provide the necessary support with competitive tariff for Petronas LNG to play its effective role as a global LNG portfolio solutions provider for the delivery of LNG to its customers.

Petronas LNG’s STS operations at Brunei Bay will not only strengthen its position as a LNG solution provider but also enhance the potential of Sabah as the preferred LNG STS operations hub.

This collaboration will assist in further growth in the oil and gas sector in Sabah. In June 2018, PETRONAS conducted its first STS operation and the second in April 2019, in Brunei Bay.

   
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