Avenir LNG Limited ("Avenir") in collaboration with MISC Berhad announced that PETRONAS, through its subsidiary, PETRONAS LNG Sdn. Bhd. ("PLSB") has awarded a time charter party (TCP) for the provision of its first 7,500 cbm liquefied natural gas (LNG) carrier.

The vessel will provide bunkering to LNG fuelled vessels across Malaysia in addition to transport services for small-scale terminals in the region. Through this collaboration, Avenir and MISC will form a joint venture company to manage the commercial operations of the LNG carrier whereas ship management services will be provided by Eaglestar Shipmanagement (L) Pte Ltd, a wholly-owned subsidiary of MISC.