A subsidiary of Petronas has signed a Heads of Agreement with Jera Co., Inc. to supply up to approximately 2.5 million tpy of LNG for a period of three years.
PETRONAS has urged producers and consumers of LNG to collaborate towards encouraging growth and sustainability of the industry.
According to Reuters, Malaysia’s Sarawak state government is in talks with Petronas to acquire a 10% equity stake in an LNG facility at the company’s complex in Bintulu, Sarawak.
According to Reuters, senior company officials at Petronas have stated that the company may try shorter-term LNG contracts and smaller cargo sizes in order to attract buyers.
The B.C. government has reached agreements with the Kitselas First Nation to ensure that the nation receives direct benefits from the construction of LNG export facilities on the province’s north coast.
Petronas is about to export the world's first LNG produced from a floating production unit, beating rivals like Royal Dutch Shell.