Petronas inks LNG supply deal with PetroChina

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

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

More News Like This

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Shell ships first LNG Canada cargo

LNG giant Shell and its partners have shipped the first cargo produced at the LNG Canada facility in Kitimat, on the west coast of Canada.

PetroChina kicks off work on new Rudong LNG tank

State-owned PetroChina has begun construction on a new 200,000-cbm LNG storage tank at its Rudong LNG terminal in Jiangsu.

Petronas, JOGMEC pen LNG cooperation deal

Malaysian energy giant Petronas and Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of cooperation to expand the collaboration framework in the liquefied natural gas sector, through a strategic LNG arrangement.