KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas Trading Corporation Sdn Bhd (Petco), has signed a memorandum of collaboration (MoC) with Japan’s Sumitomo Corporation to jointly market and supply liquefied natural gas (LNG) bunker and related services through Petronas Marine brand in both Malaysia and Tokyo Bay, Japan.
Petronas and Sumitomo Corp, in a joint statement on Thursday, said the MoC served to build industrial platforms and end-to-end supply chains to offer more environmentally-friendly and cost-efficient LNG for use as a marine fuel and reduce the greenhouse gas emissions attributable to maritime transport.