Skip to main content

Petronas signs first term LNG supply deal in India

Published by , Editor
LNG Industry,

Reuters are reporting that Malaysian state energy company Petroliam Nasional Berhad, or Petronas, said on 22 February that it has signed its first term agreement to supply LNG in India.

Petronas has signed a sale and purchase agreement to supply LNG to H-Energy Mideast DMCC (HEMD). The value of the deal and the volume of LNG were not disclosed.

Dubai-based HEMD is part of the LNG arm of Indian real estate group Hiranandani Group.

Earlier this month, an Indian government official said India’s push to more than double the share of natural gas in its energy mix to 15% by 2022 will require a huge increase in imports and the construction of more LNG terminals.

The 70 million tpy target means India would need to import more than China took last year via both pipelines and tankers, and it would put Indian purchases close to the level of top importer Japan.

Petronas, the world’s third-biggest LNG supplier, has been trying to tap new markets for LNG at a time when global supply has exceeded demand. A company official had earlier flagged South Asia as an area of significant growth potential.

Read the article online at:

You might also like

Keep liquefaction running smoothly with Panametrics

Accurate flow rate measurement during LNG liquefaction is essential. But how do you know if your flow meter can handle potential pressure drops, temperature changes, and the extreme conditions of the cryogenic process? Download Panametrics’ new case study to learn how its flow meters can deliver extremely accurate LNG flow measurements.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Petronas LNG news


LNG Industry is not responsible for the content of external internet sites.