Petronas to directly procure LNG ships to help cut cost

8/1/2013

Petronas to directly procure LNG ships to help cut cost

By Abhrajit Gangopadhyay
 
KUALA LUMPUR -- Petroliam Nasional Bhd or Petronas will directly procure new ships to transport LNG in a move aimed at cutting costs, the company said in a statement.

A company's spokesman didn't comment on the current LNG shipping strategy. The move will give Petronas direct access to LNG shipping capacity at lowest possible costs, the statement said.

Petronas will engage its shipping unit MISC Bhd (3816.KU) to offer project management and consultancy services in construction of new LNG ships, it added.

Dow Jones Newswires

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