AsiaGas

NYK and Pertamina sign LNG shipping deal

Japan’s Nippon Yusen Kaisha (NYK) is set to get a great deal more gas business out of Indonesia, having signed a shipping deal with the country’s state-owned energy giant, Pertamina.

NYK has signed an energy transportation memorandum of understanding with Pertamina International Shipping (PIS), a wholly-owned subsidiary of Pertamina.

The agreement positions the two companies as strategic partners in energy transportation and covers ownership and management. The companies have already started discussions concerning a detailed joint business, particularly involving the ownership and management of LNG carriers as exclusive partners.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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