
KUALA LUMPUR (July 13): Malaysia’s PETRONAS has signed a new seven-year deal to supply liquefied natural gas (LNG) to long-standing client Shizuoka Gas Co Ltd.
Under the agreement, PETRONAS will supply about 840,000 million metric tonnes of LNG beginning 2032 to the Japanese firm, the company officially known as Petroliam Nasional Bhd said in a statement on Monday. The value of the contract was not disclosed.
“Leveraging on PETRONAS’ diversified global portfolio, the agreement provides greater supply flexibility and reliability to support Shizuoka Gas’ evolving energy requirements amid changing market dynamics,” the statement read.
A signing ceremony was held in Kuala Lumpur for the agreement that also marked the 30th anniversary of the first cargo delivered by PETRONAS to Shizuoka Gas.
“This agreement marks more than a commercial milestone,” Datuk Adif Zulkifli, the head of PETRONAS’ gas and maritime business, said. “It reflects 30 years of mutual trust, shared growth and a partnership that has continued to evolve alongside the changing energy landscape.”