KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has strengthened its liquefied natural gas (LNG) partnership with China National Offshore Oil Company (CNOOC) through a long-term supply agreement.
Petronas said its subsidiary, Petronas LNG Ltd, has entered into a sale and purchase agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte Ltd for the supply of one million tonnes per annum of LNG.
“The agreement builds on the long-standing working relationship between Petronas and CNOOC, strengthening cooperation in LNG supply while supporting China‘s economic growth and national clean energy agenda,” it said.
Petronas LNG marketing and trading vice president Shamsairi M. Ibrahim said this agreement marks an elevation of the group’s relationship with CNOOC, advancing its shared commitment to energy security and a lower carbon future.
Beyond supplying LNG, Shamsairi said it reflects the continued development of the group’s long-term partnership.
“Petronas remains committed to delivering reliable and cleaner LNG solutions, working with partners to advance shared energy transition goals,” he said.
Moving forward, Petronas said this long-term commitment reinforces Petronas’s position as a trusted LNG partner to China while reflecting ongoing collaboration with CNOOC in one of Asia’s most dynamic gas markets.
With Asia’s rising demand for lower-carbon fuels, Petronas will continue to deliver LNG from its established portfolio to support customers’ evolving energy needs across the region, it added.
© New Straits Times Press (M) Bhd
