KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) via its subsidiary Malaysia LNG Sdn Bhd (MLNG), has inked an agreement with Tokyo Gas Co Ltd to supply LNG to Tokyo for a period of 13 years.
Beginning April 2018, Petronas will supply 500,000 tonnes annually for the first six years and may raise the volume to 0.9 million tonnes annually for the remaining seven years.
Petronas Vice President of LNG Marketing & Trading, Ahmad Adly Alias said Petronas remains steadfastly committed to delivering reliable supply of LNG through its integrated operations that allow for both long-term and short-term solutions for its customers.
“The agreement is a testament to Petronas’ strength and reliability in providing flexible solutions to accommodate the different needs of buyers,” he added.
Petronas through MLNG continues to enhance the 35-year business relationship with Tokyo Gas with the new agreement following the delivery of its 10,000th cargo to the Japanese gas company in October last year.
MLNG operates the PETRONAS LNG Complex in Bintulu, Sarawak, one of the world’s largest LNG complexes operating on a single site.
The nine-train facility has a combined annual production capacity of about 30 million tonnes.