FIRST LNG CARGO TO CHINA'S SHANGHAI LNG CO LTD

KUALA LUMPUR, Oct 29 (Bernama) -- Malaysia LNG Tiga Sdn Bhd, (MNLG), a subsidiary of Malaysia's national petroleum company Petronas, has successfully delivered its first liquefied natural gas (LNG) cargo of 60,500 metric tonnes to the Shanghai LNG Company Ltd.

The LNG vessel, Puteri Intan Satu, departed the Petronas LNG Complex in
Bintulu in East Malaysia state of Sarawak on Oct 19 and arrived to deliver the
cargo at Shanghai LNG Company's Yangshan LNG receiving terminal, south of
Shanghai on Oct 26.

Petronas, in a statement here Thursday, said that the delivery of LNG to
Shanghai LNG Company, comes under the 25-year sales and purchase delivery
agreement signed in July 2006.

Under the pact, MNLG Tiga would supply up tO 3.03 million metric tonnes of
LNG per year to the Chinese company.

The agreement, which is the national oil corporation's first long-term
contract with China, also marked a major breakthrough for Petronas in China's
energy sector.

Prior to this shipment, MNLG Tiga delivered a commissioning LNG Cargo to
Shanghai LNG Co at the Yangshan LNG receiving terminal.

Shanghai LNG Co is a joint venture between Shenergy Group (55 per cent) and
CNOOC Gas & Power (45 per cent).

CNOOC Gas & Power is a wholly-owned subsidiary of the China National
Offshore Oil Corporation.
-- BERNAMA