Skip to main content

Petronas inks agreement for LNG supply to Tokyo Gas

Published by
LNG Industry,


Petronas, through its subsidiary Malaysia LNG Sdn. Bhd., has signed a Heads of Agreement (HOA) with Tokyo Gas Co. Ltd. to supply LNG for a period of up to 13 years.

Under the terms of the agreement, the supply to Tokyo Gas commencing in April 2018 will be approximately 0.5 million tpy for the first six years, with the possibility of a volume increase of up to 0.9 million tpy for the remaining extension period.

Petronas Vice President of LNG Marketing & Trading, Ahmad Adly Alias said Petronas remains steadfastly committed to delivering 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 through MLNG continues 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.

“At Petronas, we value these relationships and the trust placed in our company for a secure and reliable supply of LNG,” added Ahmad Adly.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/14032018/petronas-inks-agreement-for-lng-supply-to-tokyo-gas/

You might also like

 STATS Group

[WEBINAR] Digital Shipbuilding: A Transparent and Real-Time View of the Fabrication Process is Possible

In this webinar, Ismo Piirainen and David Whittle of Hexagon PPM will be discussing the digitalisation and digital transformation trends driving Industry 4.0, especially when it comes to fabrication. Register for free today »

 

Canadian LNG: the road to success

Thomas Liles, Rystad Energy, Norway, takes a detailed look at the current state of the Canadian LNG market and where it is headed.

 
 

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


 

This article has been tagged under the following:

Petronas LNG news Japan LNG news