Malaysia LNG Sdn Bhd (MLNG), a subsidiary of PETRONAS, has signed a Heads of Agreement (HOA) with JERA Co., Inc. (JERA) to supply up to approximately 2.5 million tonnes of liquefied natural gas (LNG) annually for a period of three years.
The supply to JERA will commence in April 2018.
PETRONAS Vice President of LNG Marketing & Trading, Ahmad Adly Alias said: “The HOA is a testament to the strength and stability of PETRONAS’ relationships with our partners and customers in Japan that have been built for over 30 years".
“At PETRONAS, we value these relationships and remain steadfastly committed to deliver reliable supply of LNG to these partners and customers,” he said.
JERA is a joint venture between Tokyo Electric Power Company Fuel & Power, Inc. and Chubu Electric Power Co., Inc. and is engaged in the power generation and energy supply business in Japan and overseas.
Ahmad Adly said that in the changing LNG industry landscape, PETRONAS’ integrated operation has enabled the company to respond to new market requirements which includes offering long-term and short-term solutions.
"New demand terms and conditions are becoming a norm and providing flexible solutions to accommodate the different needs of our buyers is our way forward,” he added.
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.
PETRONAS, with over 30 years of experience in integrated global LNG business, has a sterling reputation as a reliable LNG solutions provider and supplier.