PETRONAS, Japan’s JERA Extend LNG Supply Partnership Into The 2040s

Petroliam Nasional Bhd. (PETRONAS) and JERA Co., Inc. have reaffirmed one of Asia’s longest-standing liquefied natural gas (LNG) partnerships through the signing of a new long-term supply agreement, extending their collaboration into the 2040s.

Under the agreement, PETRONAS, through its wholly owned subsidiary PETRONAS LNG Ltd. (PLL), will supply up to approximately 2 million tonnes per annum (MTPA) of LNG over a 20-year period beginning in 2028.

The deal reinforces PETRONAS’ position as a key supplier to Japan, one of the world’s largest LNG importers.

The agreement deepens a relationship that dates back to 1983, when Malaysia shipped its first LNG cargo to Japan, laying the foundation for a trusted energy partnership that remains central to Japan’s energy security.

The parties commemorated the agreement in Tokyo, with the ceremony attended by PETRONAS Executive Vice President and Chief Executive Officer of Gas and Maritime Business, Datuk Adif Zulkifli, and JERA Senior Managing Executive Officer and Chief Low Carbon Fuel Officer, Mr. Ryosuke Tsugaru.

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The signing marks a shift from traditional point-to-point LNG supply agreements to a more flexible supply arrangement, further underscoring PETRONAS’ position as a reliable LNG supplier through the expansion of its supply capabilities.

LNG will be delivered using PETRONAS’ new generation of 174,000-cubic-metre LNG carriers, which are designed to comply with the International Maritime Organization’s enhanced emissions standards, supporting more efficient and lower-emission operations.

PETRONAS said it continues to evolve its commercial approach to meet Japan’s changing energy requirements in line with the country’s Seventh Strategic Energy Plan, which aims to ensure energy security while improving economic efficiency and addressing environmental priorities.

Datuk Adif Zulkifli said:”We value the strong partnership we have built with JERA over the decades, underpinned by mutual trust and a shared focus on reliability. We look forward to building on this foundation as we continue to support Japan’s evolving energy needs.

“In an increasingly dynamic LNG market shaped by rising demand, supply security concerns, price volatility and shifting consumption patterns, PETRONAS remains focused on delivering reliable and tailored solutions, supporting our partners in strengthening energy security while advancing their transition ambitions.”

The company said the long-term commitment reaffirms its reputation as a trusted LNG partner to Japan, one of Asia’s most vibrant gas markets.

As demand for cleaner energy continues to grow across Asia, PETRONAS said it remains committed to supplying reliable LNG from its global portfolio, supporting customers’ energy security needs while enabling their transition towards a lower-carbon future.