AsiaContracts and Tenders

Petronas inks LNG supply deal with PetroChina

By LNG Prime Staff
Petronas inks LNG supply deal with PetroChina
PFLNG Dua and Seri Camar (Image: Petronas)

Malaysia’s Petronas has signed a liquefied natural gas (LNG) supply deal with a subsidiary of China’s state-owned energy giant PetroChina.

According to a statement by PetroChina International issued on Tuesday, the firm and a unit of Petronas signed the sales and purchase deal on April 17.

This deal is is the first medium-to-long-term LNG purchase and sale agreement between PetroChina and Petronas and is based on a previous framework agreement, PetroChina International said.

PetroChina International said the deal with major LNG supplier Petronas will help the company to expand the sources of LNG supply and enhance the flexibility of supply.

The company did not provide any additional details regarding the deal.

The two firms have been cooperating for more than 10 years, including on the Shell-led LNG Canada project, which is expected to ship its first cargo by the middle of this decade.

In Malaysia, Petronas produces LNG at its giant 30 mtpa Bintulu LNG export facility in Sarawak, as well as from two floating LNG facilities, namely the 1.2 mtpa PFLNG Satu and the 1.5 mtpa PFLNG Dua, both located offshore Sabah.

Petronas is also working on the third floating LNG producer to install it near the shore in Sabah.

Most Popular

LNG Terminals

NextDecade’s Rio Grande LNG gets FERC OK to boost capacity

US LNG developer NextDecade has secured a green light from the Federal Energy Regulatory Commission to increase approved capacity at its Rio Grande LNG terminal in the Port of Brownsville, Texas.
LNG Terminals

Roof raised on German LNG tank

Dutch gas grid operator Gasunie and German energy firm RWE have completed raising the roof on the first LNG storage tank at the German government-backed onshore LNG import terminal in Brunsbüttel.
Vessels

Hanwha Ocean bags order for LNG carrier duo

South Korea’s Hanwha Ocean has secured a contract valued at approximately $500 million to build two liquefied natural gas (LNG) carriers.

More News Like This

Breaking News

Shell, partners take FID on LNG Canada Phase 2

UK-based LNG giant Shell and its LNG Canada partners have made a final investment decision on the project's second phase, which will double production capacity at the facility in Kitimat, British Columbia.
Contracts and Tenders

Greece’s Metlen seals LNG SPA with Petronas

Greece’s Metlen Energy & Metals and a unit of Malaysia's Petronas have signed a liquefied natural gas (LNG) sales and purchase agreement for LNG deliveries to Greece.
Vessels

K Line, Petronas name LNG carrier duo in China

Chinese shipbuilder Hudong-Zhonghua has hosted a naming ceremony for two 174,000-cbm liquefied natural gas (LNG) carriers it built for Japan’s K Line and Malaysia’s Petronas.
LNG Terminals

Malaysia’s Petronas boosts LNG sales in H1

Malaysian energy giant Petronas reported a rise in its liquefied natural gas (LNG) sales and net profit for the first half of this year compared to the same period last year.