Malaysia’s MISC Berhad is growing its gas business and upgrading its tanker fleet with dual-fuel newbuildings.

Announcing its third-quarter results, MISC, in which state energy company Petronas has a 51% stake, said near-term prospects for LNG demand and investment remain “positive”.

It said its gas asset and solutions division will pursue growth opportunities, while its operating income remains stable and underwritten by long-term charters.