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.

Petronas said in a statement on Monday that the cooperation is set to pave the way for further discussions on strengthening LNG supply to Japan, including measures to ensure supply stability and manage potential disruptions.

JOGMEC said in a separate statement that the cooperation aims to ensure a “stable supply of LNG under normal circumstances, while addressing sudden disruptions in LNG supply, through a strategic LNG arrangement outside of Japan, which could include exploring the utilisation of LNG storage facilities in Malaysia.”

The MoC was signed by Shamsairi Mohd Ibrahim, VP of LNG marketing and trading at Petronas, and Hiroyuki Mori, executive VP, energy business of JOGMEC, in Kuala Lumpur recently.

“We take pride in being Japan’s longstanding energy partner, and this MoC is a testament of our role as the key reliable LNG Supplier to Japan since 1983,” Ibrahim said in the statement.

Petronas and Japan’s Jera recently also agreed to expand their collaboration across the gas value chain, including providing LNG supply for Japan, with the signing of a memorandum of understanding.

In Malaysia, Petronas operates the giant Bintulu LNG plant witha capacity of 29.3 mtpa.

Petronas also operates two floating LNG facilities, namely the 1.2 mtpa PFLNG Satu, and the 1.5 mtpa PFLNG Dua, both located offshore Sabah, and is building a third unit.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Energy Transfer’s Lake Charles LNG secures DOE extension

Texas-based Energy Transfer has secured a permit extension from the US DOE to start exports from its proposed Lake Charles LNG export facility in Louisiana.

Santos CEO expects Papua LNG FID in early 2026

France's TotalEnergies and its partners plan to take a final investment decision on the Papua LNG export project in Papua New Guinea in the first quarter of 2026, according to Santos CEO Kevin Gallagher.

More News Like This

MISC: LNG carrier charter rates to remain soft

Malaysia’s LNG shipping player MISC, a unit of Petronas, said on Monday that LNG carrier charter rates are expected to remain soft through 2025, primarily due to continued robust fleet expansion and subdued tonne-mile demand.

Japan’s LNG imports drop in July

Japan’s liquefied natural gas (LNG) imports dropped by 6.3 percent in July compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

DNV approves LNG-powered LCO2 carrier

Classification society DNV has awarded a general approval for ship application certificate to Japan's MOL, Malaysia's MISC and Petronas CCS Ventures, and China's SDARI for their jointly-developed LNG-powered liquid carbon dioxide (LCO2) carrier design.

South Korea gets first LNG Canada cargo

The 174,000-cbm GasLog Glasgow, which is carrying the first liquefied natural gas cargo produced at the Shell-led LNG Canada facility in Kitimat, has arrived in Tongyeong, South Korea, according to shipping data.