Petronas signs HoA with Petrovietnam for additional gas sales and purchase

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KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has signed a binding Heads of Agreement (HoA) with Vietnam Oil and Gas Group (PetroVietnam) for the sales and purchase of additional gas from Block PM3 CAA, Malaysia to Ca Mau Province, Vietnam.

In a statement Thursday, Petronas said the HoA was signed on March 15 in Ho Chi Minh, Vietnam. The agreement was signed by Malaysia Petroleum Management vice president Muhammad Zamri Jusoh while PetroVietnam was represented by its vice president Nguyen Quoc Thap.

“The signing of today’s agreement is a testimony of Petronas’ commitment to support the gas industry growth as well as boosting the socio-economic growth for both Malaysia and Vietnam,” Zamri said.

“This agreement also further enhances our long-term partnership with Vietnam and we look forward to a continued collaboration,” he added.