KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), via its subsidiary PETRONAS LNG Ltd, has entered into a sale and purchase agreement with CNOOC Gas and Power Singapore Trading & Marketing Pte Ltd to supply 1.0 mil tonnes per annum of liquefied natural gas (LNG).
In a statement, PETRONAS said the agreement builds on its long-standing working relationship with CNOOC, strengthening cooperation in LNG supply.
It added that the deal also supports China’s economic growth and national clean energy agenda, including its “Dual Carbon” goals of peaking emissions before 2030 and achieving carbon neutrality by 2060.
“This agreement marks an elevation of our relationship with CNOOC, advancing our shared commitment to energy security and a lower-carbon future. Beyond supplying LNG, it reflects the continued development of our long-term partnership.
“PETRONAS remains committed to delivering reliable and cleaner LNG solutions, working with partners to advance shared energy transition goals," PETRONAS LNG Marketing and Trading vice president Shamsairi M Ibrahim said.
The long-term commitment reinforces PETRONAS’ position as a trusted LNG partner to China and reflects its ongoing collaboration with CNOOC in one of Asia’s most dynamic gas markets.
With Asia’s demand for lower-carbon fuels on the rise, PETRONAS said it will continue to deliver LNG from its established portfolio to support customers’ evolving energy needs across the region.
