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/