KUALA LUMPUR (March 3): MISC Bhd (KL:MISC) is going to charter two additional liquefied natural gas (LNG) carriers for PETRONAS LNG Ltd under a charter contract it secured last month.
The 20-year charter contract initially covered three newly built LNG carriers. Now, an additional two newbuild LNG carriers will also be chartered by PETRONAS LNG under the contract, MISC's said in a bourse filing on Monday.
Like the previous three LNG carriers, shipbuilding contracts have been entered into with Hudong-Zhonghua Shipbuilding for the two new carriers.
“The LNG carriers will be chartered by PETRONAS LNG for a firm period of 20 years with charter commencement expected in 2029 and 2030,” MISC said.
Shares in MISC ended 10 sen or 1.24% higher at RM8.17, valuing the group at RM36.47 billion.