PETRONAS Signs Seven-Year LNG Supply Deal With Japan’s Shizuoka Gas

Malaysia’s state energy company Petroliam Nasional Berhad (PETRONAS) said its subsidiary, PETRONAS LNG Ltd. (PLL), has signed a seven-year liquefied natural gas (LNG) supply agreement with Japan’s Shizuoka Gas Co., Ltd.

Under the agreement, which begins in 2032, PLL will supply approximately 0.84 million metric tonnes (MMT) of LNG to Shizuoka Gas, PETRONAS said in a statement.

The agreement extends a commercial relationship between the two companies that began three decades ago and is aimed at supporting Japan’s long-term energy security while providing greater flexibility in LNG supply.

The agreement was signed in Kuala Lumpur by PETRONAS Executive Vice President and Chief Executive Officer of Gas and Maritime Business, Datuk Adif Zulkifli, and Shizuoka Gas President Yoshitake Matsumoto.

PETRONAS said the deal would leverage its diversified global LNG portfolio to provide reliable and flexible supplies as customers seek greater resilience amid changing global energy market conditions.

The signing ceremony also marked the 30th anniversary of PETRONAS’ first LNG cargo delivery to Shizuoka Gas.

The two companies said they would also explore opportunities to collaborate on decarbonisation initiatives across the LNG value chain as part of efforts to strengthen their long-standing partnership.

PETRONAS is one of the world’s largest LNG suppliers, exporting liquefied natural gas to customers across Asia and other international markets through its global production and trading portfolio.