Petronas secures 10-year term deal worth RM29bil to supply LNG to CNOOC

KUALA LUMPUR: Petronas LNG Ltd (PLL), a subsidiary of Petronas, has secured a 10-year term deal to supply liquefied natural gas (LNG) worth RM29 billion to CNOOC Gas and Power Trading & Marketing Ltd, a subsidiary of China National Offshore Oil Corporation (CNOOC).

This long-term supply agreement also includes supply from LNG Canada when the facility commences its operations by middle of the decade, Petronas said.