PETALING JAYA: Petroliam Nasional Bhd (Petronas) through its subsidiary, Malaysia LNG Sdn Bhd (MLNG) has signed a Heads of Agreement (HOA) with Tokyo Gas Co Ltd to supply liquefied natural gas (LNG) for up to 13 years.
Under the terms of the agreement, MLNG will supply 0.5 million tonnes per annum to Tokyo Gas from April 2018 for six years, with the possibility of a volume increase of up to 0.9 million tonnes per annum for the remaining 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. MLNG has had a 35 year business relationship with Tokyo Gas.
“The HOA is a testament to Petronas’ strength and reliability in providing flexible solutions to accommodate the different needs of buyers,” 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.
Source: The Sun Daily