KUALA LUMPUR: Petronas subsidiary, Malaysia LNG Sdn Bhd (MLNG), will work with Tokyo Gas Co Ltd to supply liquefied natural gas (LNG) for a period of up to 13 years.
Under the terms of the Heads of Agreement (HOA) signed by both parties, the supply to Tokyo Gas commencing in April 2018 will be about 0.5 million tonnes per annum for the first six years, with the possibility of a volume increase of up to 0.9 million tonnes per annum for the remaining extension period.
In a statement here, vice president of LNG Marketing & Trading, Ahmad Adly Alias said Petronas remained steadfastly committed to delivering a reliable supply of LNG through its integrated operations that allow for both long-term and short-term solutions for its customers.
“The HOA is a testament to Petronas strength and reliability in providing flexible solutions to accommodate the different needs of buyers,” he added.
Petronas has through MLNG continued to enhance the 35-year business relationship with Tokyo Gas with the new agreement following the delivery of its 10,000th cargo to the Japanese gas company in October last year, said the statement.
MLNG operates the Petronas LNG Complex in Bintulu, Sarawak, one of the world’s largest LNG complexes operating on a single site. The nine-train facility has a combined annual production capacity of about 30 million tonnes. — Bernama