Investment, trade and industry minister Tengku Zafrul Aziz said Petronas has long been importing liquefied natural gas (LNG) from several countries, including the US, as part of its commercial and energy security strategy.
He said the move ensures a stable LNG supply, allowing the national oil company to meet its obligations to both local and international clients.
“Petronas has been purchasing LNG from various countries, including the US. Even before the tariff announcement, Petronas was already buying LNG from the US.
“But some people, not knowing how Petronas operates, have overreacted – when in fact, this is nothing new.
“This step was taken because Petronas’s long-term supply obligations exceed its current production capacity,” he said in a ministerial statement at the Dewan Rakyat concerning the US-Malaysia trade deal.
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