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KUALA LUMPUR: Straits Energy Resources Bhd's (Straits) unit, Victoria STS (Labuan) Sdn Bhd, has successfully completed the first ship-to-ship (STS) transfer of liquefied natural gas (LNG) at the Labuan Port Limit of Labuan.
The event was the first LNG STS transfer in Labuan, the company said in a statement today.
Victoria STS chief executive officer (CEO) Benjamin Bernard Bijion said the company successfully completed the STS operation on Oct 13, 2022, without any reported injuries to personnel or impact on the environment.
"Various scenarios were considered, and this was achieved through the collective and collaborative efforts of all parties involved in the operation, with the cooperation and support of Victoria’s customers," he said.,
Victoria STS, which specialises in offshore handling of liquefied gas and bulk petroleum cargoes received its first licence to conduct STS operations of oil and liquefied gas products within the Victoria Port Limit in July 2021.
The STS hub is strategically located within the vicinity of Labuan Liberty Port, managed and operated by Megah Port Management Sdn Bhd, a 51 per cent owned subsidiary of Straits.
Meanwhile, Labuan Corporation CEO Rithuan Ismail said Labuan Corporation gave full support to the STS operation as it believes it will have spillover effects on the economy of Labuan.
He said the STS operation is seen as a catalyst in driving the local economy such as in crew hiring, services, boat or ship or vessel leasing, supply of raw materials, and the purchase of small equipment and other supplies from the island. - Bernama
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