Petronas signs 20-year LNG supply deal with Commonwealth LNG to boost US portfolio
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), via its subsidiary Petronas LNG Ltd, has signed a 20-year liquefied natural gas (LNG) sale and purchase agreement with United States-based Commonwealth LNG, further strengthening its global supply portfolio.
Under the agreement, Petronas will procure one million tonnes per annum (mtpa) of LNG from Commonwealth LNG's 9.5 mtpa facility currently under development in Cameron, Louisiana.
In a statement, Petronas said the deal marks a strategic move to secure long-term LNG supply from the United States as part of its global expansion and diversification efforts.
A document exchange ceremony was held on the sidelines of Energy Asia 2025 between Petronas LNG chief executive officer (CEO) Ezran Mahadzir and Commonwealth LNG president and CEO Farhad Ahrabi.
Also in attendance were Petronas Gas & Maritime Business executive vice president and CEO Datuk Adif Zulkifli, and Petronas group LNG Marketing and Trading vice president Shamsairi M Ibrahim.
Shamsairi said the agreement underscores Petronas' commitment to delivering a reliable and sustainable LNG supply to customers worldwide.
"This agreement underscores Petronas' commitment to fostering global partnerships that ensure reliable, sustainable and long-term LNG supply for our customers. Collaborating with Commonwealth LNG will expand our supply node and strengthen our presence in the global LNG market," he said.
The collaboration is expected to enhance strategic energy cooperation, support regional energy security and reinforce Commonwealth LNG's role as a reliable player in the global LNG landscape.
The Commonwealth LNG facility is expected to begin operations later this decade.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
32 minutes ago
- Barnama
Inaugural Energy Asia Awards Honour Changemakers Driving The Region's Energy Transition
KUALA LUMPUR, June 17 (Bernama) -- The inaugural Energy Asia Awards themed 'Delivering Asia's Energy Transition', honoured two outstanding changemakers for their contributions in delivering transformative impact across Asia's energy landscape and accelerating the region's shift towards a low-carbon, inclusive, and sustainable future. Held in conjunction with Energy Asia by PETRONAS, the awards recognise individuals and organisations creating innovative solutions that address Asia's rising energy demand, tackle emissions challenges, and drive urgent systemic change while safeguarding vulnerable communities.
Barnama
32 minutes ago
- Barnama
PETRONAS and JERA Reaffirm Longstanding Partnership Towards A Sustainable Energy Future
KUALA LUMPUR, June 17 (Bernama) -- PETRONAS and JERA have agreed to expand their collaboration across the gas value chain with the signing of a Memorandum of Understanding (MoU) including providing reliable LNG supply for Japan. The agreement builds upon PETRONAS and JERA's long-established partnership since 1983. The MoU was signed during Energy Asia 2025, by Datuk Adif Zulkifli, EVP Gas & Maritime Business and Mr. Ryosuke Tsugaru, Senior Managing Executive Officer and Chief Low Carbon Officer, witnessed by PETRONAS President and Group Chief Executive Officer, Tan Sri Tengku Muhammad Taufik, and JERA Global Chief Executive Officer and Chair, Yukio Kani.
New Straits Times
32 minutes ago
- New Straits Times
Petronas-led venture to build fleet of liquefied CO2 carriers
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), via its unit Petronas CCS Ventures Sdn Bhd, has formed a joint venture (JV) with MISC Bhd and Mitsui OSK Lines Ltd to develop and own liquefied carbon dioxide (LCO2) carriers. The JV company, Jules Nautica Sdn Bhd, will support cross-border carbon capture and storage (CCS) initiatives by transporting LCO2 to designated storage sites across the Asia Pacific region. The partnership follows the completion of front-end engineering design for a 62,000-cubic-metre LCO2 carrier, awarded to Shanghai Merchant Ship Design and Research Institute. "The JV strengthens our position in the carbon management value chain and enables cross-border CCS infrastructure to take shape," said Petronas CCS Ventures chief executive officer Emry Hisham Yusoff. He added the design received General Approval for Ship Application certification from classification society DNV in December 2024. Jules Nautica aims to play a key role in completing the CCS value chain by facilitating safe and efficient LCO2 transport. The venture plans to engage with carbon-emitting industries and storage providers to offer cross-border CCS solutions in line with tightening environmental regulations. The initiative forms part of wider efforts by Petronas and its partners to position Malaysia as a regional hub for carbon management services.
