KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will supply Japan’s Jera Co Inc with liquefied natural gas (LNG) for 20 years beginning in 2028 under a new long-term agreement.
Petronas said the agreement, through its wholly owned subsidiary Petronas LNG Ltd (PLL), will supply up to approximately two million tonnes of LNG per annum.
It said that the signing of the new agreement will extend the collaboration with Jera through the 2040s.
“This reinforces Petronas’ position as a core supplier to Japan, one of the world’s largest LNG importers,” it said.
Petronas said the signing of the agreement signifies a transformation from traditional point-to-point LNG supply agreements to a more flexible supply arrangement, further underscoring the company’s position as a reliable LNG supplier by expanding its supply capabilities.
“LNG will be delivered using Petronas’ new generation of 174,000-cubic-metre LNG carriers, designed to comply with the International Maritime Organization’s enhanced emissions standards, supporting more efficient and lower-emission operations,” it said.
Petronas executive vice president and chief executive officer of gas and maritime business, Datuk Adif Zulkifli, said the company values the strong partnership it has built with Jera over the decades, underpinned by mutual trust and a shared focus on reliability.
“We look forward to building on this foundation as we continue to support Japan’s evolving energy needs,” he said.
The parties commemorated the agreement in Tokyo. The event was attended by Adif and Jera’s senior managing executive officer and chief low carbon fuel officer, Ryosuke Tsugaru. – BERNAMA
