Petronas receives first LNG cargo under third-party access deal

first_imgIllustration purposes only (Image courtesy of Petronas)Regas Terminal (Sg. Udang), a unit of Petronas Gas Berhad (PGB), yesterday received Malaysia’s first liquefied natural gas (LNG) cargo from a third party shipper at its Regasification Terminal Sungai Udang (RGTSU) located in Melaka.“This achievement marks a milestone towards gas market liberalization in the country, under the third party access (TPA) arrangement,” said Kamal Bahrin Ahmad, PGB managing director/chief executive officer.He added that it is also a milestone for PGB, whereby the TPA provides a platform for gas market liberalization, thus encouraging healthy competition at market-determined gas prices.Furthermore, the maiden third party LNG cargo will allow PGB to examine the effectiveness of the entire TPA arrangement, both commercially and operationally, Petronas said in its statement.Built to support energy security in the country, RGTSU is the first LNG regasification terminal in Malaysia which began commercial operations in June 2013. The one-of-its-kind terminal is located three kilometers offshore Melaka and able to provide a regasification volume of up to 500 million standard cubic feet (MMscf) per day. At this facility, LNG is stored in two floating storage units, before being converted into gas for supply and distribution through the Peninsular Gas Utilisation (PGU) pipeline system, serving customers across Peninsular Malaysia.The introduction of TPA pursuant to the revised Gas Supply Act 2016 effective January 16, 2017, allows new gas shippers to enter the Malaysian market upon obtaining the necessary licenses from the Energy Commission (EC) of Malaysia.The maiden third party LNG cargo under the TPA is shipped by Shell Malaysia Trading, which on September 17, 2019, signed a gas transportation agreement with PGB and a terminal usage agreement with Regas Terminal (Sg. Udang), a unit of PGB.SMTSB’s 150,000-cbm LNG cargo was unloaded and regasified at RGTSU and subsequently transported via PGU pipeline system to TNB’s power stations located in Port Dickson, Negeri Sembilan and Klang, Selangor.last_img read more

Sanctions on Iran loom with uranium report today

first_imgVIENNA, Austria – Iran’s chief nuclear envoy said Tuesday his country wants to negotiate over its uranium enrichment program, on the eve of a U.N. Security Council deadline that carries the threat of harsher sanctions. But the country’s hard-line president said Iran will halt enrichment only if Western nations do the same. Sanctions could be triggered by a report from Mohamed ElBaradei, the head of the Vienna-based International Atomic Energy Agency, to his agency’s 35 board-member nations, expected today. That report is expected to say Iran has expanded enrichment activities instead of freezing them. President Mahmoud Ahmadinejad, speaking to a crowd of thousands in Iran, said his country was ready to stop its enrichment program, but only if Western nations do the same – something the United States and others with similar programs are unlikely to even consider. “Justice demands that those who want to hold talks with us shut down their nuclear fuel cycle program too,” he said. “Then, we can hold dialogue under a fair atmosphere.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! The White House dismissed Ahmadinejad’s call. “Do you believe that’s a serious offer?” White House press secretary Tony Snow asked. “It’s pretty clear that the international community has said to the Iranians, `You can have nuclear power but we don’t want you to have the ability to build nuclear weapons.’ And that is an offer we continue to make.” Nevertheless, Ahmadinejad’s speech was unusually conciliatory, avoiding fiery denunciations of the West. Iran’s call for talks – voiced separately on Tuesday by Ahmadinejad, Foreign Minister Manouchehr Mottaki and senior nuclear negotiator Ali Larijani – suggested an attempt to convey flexibility on the eve of the deadline. Mottaki, in Turkey, said talks on the nuclear dispute should try to achieve an agreement allowing “Iran to achieve its rights” while eliminating “concerns” about its nuclear ambitions.last_img