Latest news with #EzranMahadzir
The Sun
5 hours ago
- Business
- The Sun
Petronas signs 20-year deal to purchase gas from US-based Commonwealth LNG
PETALING JAYA: Petroliam Nasional Bhd (Petronas), through subsidiary Petronas LNG Ltd, has entered a liquefied natural gas (LNG) sale and purchase agreement with Commonwealth LNG LLC, marking a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States. Under the agreement, Petronas is purchasing one million tonnes per annum (mtpa) of LNG from Commonwealth LNG for 20 years from Commonwealth LNG's 9.5 mtpa facility currently under development in Cameron, Louisiana. The agreement was commemorated at a document exchange ceremony between Petronas LNG Ltd CEO Ezran Mahadzir and Commonwealth LNG president and CEO Farhad Ahrabi on the sidelines of Energy Asia 2025. Petronas LNG marketing and trading vice-president Shamsairi M Ibrahim said, '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.' The collaboration signifies a key step towards a shared ambition to deliver sustainable energy solutions advancing strategic energy collaboration, contributing to regional energy security and reinforcing Commonwealth LNG's role as a reliable player in the global LNG landscape, Petronas said in a statement today. Farhad said, 'We're pleased to establish this partnership and proud that Commonwealth LNG has been invited to help extend Petronas' successful history of more than a half-century in serving global energy needs.'
New Straits Times
10 hours ago
- Business
- New Straits Times
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.
The Star
10 hours ago
- Business
- The Star
PETRONAS, Commonwealth LNG ink 20-year deal for sustainable LNG
CEO of PETRONAS LNG Ltd Ezran Mahadzir (left) and president and CEO of Commonwealth LNG Farhad Ahrabi during a document exchange ceremony on the sidelines of Energy Asia 2025 KUALA LUMPUR: PETRONAS via its subsidiary PETRONAS LNG Ltd has entered into a 20-year contract to purchase liquefied natural gas (LNG) from Commonwealth LNG, LLC. In a statement, PETRONAS said the deal marked a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States. Under the MoU, PETRONAS is purchasing one million tonnes per annum (MTPA) LNG from Commonwealth LNG for a period of 20 years from Commonwealth's 9.5 mtpa facility currently under development in Cameron, Louisiana. "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," said PETRONAS vice-president of LNG Market and Trading Shamsairi M Ibrahim. Farhad Ahrabi, president and CEO at Commonwealth LNG said: "We're pleased to establish this partnership and proud that Commonwealth LNG has been invited to help extend PETRONAS' successful history of more than a half-century in serving global energy needs." PETRONAS added that the collaboration signifies a key step towards a shared ambition to deliver sustainable energy solutions advancing strategic energy collaboration, contributing to regional energy security and reinforcing Commonwealth LNG's role as a reliable player in the global LNG landscape.
