Following the discovery of the South West Ampa gas field off the Brunei Coast in 1963, the company was officially established in December 1969 through the signing of a Joint Venture Agreement by the Government of Brunei, Shell Overseas Holdings, and Mitsubishi Corporation ( JV). In 1970, Coldgas Trading Limited and Tokyo Electric Power Company Inc., Tokyo Gas Co. Ltd., and Osaka Gas Co. Ltd. signed a Sales and Purchase Agreement (SPA) with BLNG.
The first LNG plant in the Western Pacific was completed, and in 1972 the GADINIA vessel built specifically to transport LNG made its first long-distance sea voyage to transport the first shipment of Brunei LNG to the station of Osaka Gas Corporation in Japan. In 1993, the LNG underwent a B$500 million renovation for the plant’s life extension and again in the same year, the Japanese companies extended the SPA agreement for an additional 20 years.
In 2004, Brunei LNG embarked on its second major plant rejuvenation project. About 20 major activities have been included in the Asset Reference Plan (ARP), with a budget of approximately B$500 million.
In 2010, Brunei LNG is ranked No.1 in the Global LNG benchmarking exercise and constantly maintained as its position as a top quartile performer amongst the other 9 LNG plants world-wide.
In 2013, Brunei LNG obtained two new buyers – Shell Eastern Trading Limited and Petronas LNG Limited. In 2018, Koch Supply & Trading also signed a contract to buy LNG from Brunei LNG.
According to bruneilng.com, WikipediaÂ
