KUALA LUMPUR, May 12 (Bernama) -- PETRONAS LNG Ltd. (PLL) has signed a 20-year time charter agreement with MISC Group (MISC) for five newbuild 174,000-cbm liquefied natural gas (LNG) carriers, reinforcing its long-term LNG supply reliability, while supporting customers’ energy transition towards a lower-carbon future.
The agreement was recently signed by Chief Executive Officer of PETRONAS LNG Limited, Ezran Mahadzir and MISC Vice President of Gas Asset and Solutions, Hazrin Hasan. This follows the conclusion of shipbuilding contracts between MISC and Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. in January and February 2026. These state-of-the-art vessels will be constructed in Shanghai, China, with charter commencement expected between 2029 and 2030.
PETRONAS Executive Vice President & Chief Executive Officer of Gas & Maritime Business, Datuk Adif Zulkifli, said “The addition of these new LNG carriers marks another important milestone as we continue leveraging the collective strengths of our businesses to create long-term value across the LNG value chain. By aligning our growth ambitions with MISC’s maritime expertise, we are strengthening the integrated capabilities that support PETRONAS’ position as a trusted and reliable global LNG supplier.”
The vessels will incorporate modern and efficiency-driven technologies aligned with evolving environmental and operational standards. These include the latest XDF2.1 propulsion technology, shaft generators that enhance fuel efficiency during voyages, and an onboard reliquefaction plant to effectively manage boil-off.
MISC will provide project management services throughout the shipbuilding phase, followed by operationalisation and ship management of the vessels upon delivery beginning 2029. This integrated approach ensures greater operational continuity and reliability from construction to commercial operations, leveraging MISC’s extensive experience in LNG vessel management.
The collaboration reflects PETRONAS’ continued focus on strengthening the resilience and reliability of its LNG supply chain through strategic partnerships, while contributing to the advancement of Malaysia’s energy and maritime capabilities.
PHOTO CAPTIONFor photos please click here:
https://drive.google.com/drive/folders/1ETLATzwVPxCUruHUp5vnlvKNr7t41JsH?usp=sharingPhoto 1: From left: MISC President & Group CEO Zahid Osman, MISC Vice President of Gas Assets & Solutions Hazrin Hasan, PETRONAS Executive Vice President & CEO of Gas & Maritime Business Datuk Adif Zulkifli, PETRONAS LNG Ltd. CEO Ezran Mahadzir, and PETRONAS Vice President of LNG Marketing & Trading Shamsairi M Ibrahim.
Photo 2: Signatories and witnesses from PETRONAS LNG Ltd., MISC Group, and Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. following the Time Charter Party signing ceremony and Shipbuilding Contract document exchange.
Issued by:Media Management, Channels & Media Relations
Group Strategic Relations & Communications
PETRONAS
Source: Petroliam Nasional Berhad (PETRONAS)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Esha Lim Hwee Nee
Email: eshalim.hweenee@petronas.com
Tel: +6012 412 0117
Name: Nabil Basaruddin
Email: nabil.basaruddin@petronas.com
Tel: +6012 424 9750
Name: Hana Nazsulaeeqa Harun
Email: hananazsulaeeqa.haru@petronas.com.my
Tel: +6010 455 3378
--BERNAMA