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Petronas signs deal to lease LNG storage unit to Vitol - The Star Online
Petronas signs deal to lease LNG storage unit to Vitol  The Star Online

SINGAPORE: Petroliam Nasional has signed a deal to lease a liquefied natural gas (LNG) storage unit in the country to commodity trader Vitol for at least two years, industry sources told Reuters. Under the agreement, Petronas will rent one of its two 200,000 cubic metre LNG storage units at Pengerang in southern Malaysia to Vitol, the sources said, declining to be identified as they were not authorised to speak with media. The lease is for at least two years and will likely start in the second-half of 2019, one of the sources said, adding that the other unit in Pengerang would be set aside ...

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