Brunei LNG, PetroChina ink SPA

Brunei LNG announced the signing of a long-term LNG SPA with PetroChina International Singapore (PCSG) via social media on May 1.

According to the LNG terminal operator, the LNG SPA was signed two weeks ago by Adeleye Falade, managing director and CEO of Brunei LNG, and Sun Jinhua, managing director of PCSG.

“This agreement represents a significant milestone in our evolving partnership with PetroChina International and Brunei LNG’s commitment to long-term collaboration, ensuring energy security to meet our customers’ increasing LNG demand,” Brunei LNG said.

The firm did not provide any details regarding the LNG SPA.

Last year, PCSG delivered a cargo of LNG from Brunei LNG’s plant to the PetroVietnam Gas-operated Thi Vai LNG import terminal.

Brunei LNG said at the time that this was the first term cargo delivery to PetroChina International at the Thi Vai LNG terminal in Vietnam.

It also marked Brunei LNG’s first-ever delivery to the Thi Vai facility.

Brunei LNG’s export plant in Lumut, one of the world’s oldest LNG export facilities, has a capacity of 6.7 mtpa.

Shell and Mitsubishi each have a 25 percent share in the facility, while the Brunei government holds 50 percent.

This facility mostly ships LNG to Japan and South Korea.

Last year, Brunei LNG also signed its first sales and purchase agreement with a unit of Thailand’s PTT.

The five-year deal starts in 2025 and ends in 2029.