PETALING JAYA: Petronas LNG Ltd (PLL), a subsidiary of Petroliam Nasional Bhd (Petronas) has signed a new liquefied natural gas (LNG) sale and purchase agreement with Shizuoka Gas Co Ltd, reinforcing a partnership spanning three decades and reaffirming their shared commitment to strengthening long-term energy security.
Under the agreement, PLL will supply about 840,000 tonnes of LNG for a seven-year period, commencing in 2032.
Leveraging on Petronas’ diversified global LNG portfolio, the agreement provides greater supply flexibility and reliability to support Shizuoka Gas’ evolving energy requirements amid changing market dynamics. The arrangement reflects the growing demand for flexible LNG supply solutions as customers seek greater resilience and energy security in a dynamic global energy landscape.
The agreement was signed in Kuala Lumpur by Petronas executive vice-president and CEO of gas and maritime business Datuk Adif Zulkifl and Shizuoka Gas representative director and president Yoshitake Matsumoto.
Adif said, “This agreement marks more than a commercial milestone, it reflects 30 years of mutual trust, shared growth and a partnership that has continued to evolve alongside the changing energy landscape. We value the strong relationship we have built with Shizuoka Gas and look forward to deepening our collaboration in the years ahead.
He added that as their customers’ needs become increasingly dynamic, Petronas remains committed to delivering reliable and flexible LNG solutions through their global portfolio, supporting long-term energy security while advancing a pragmatic and responsible energy transition.
Building on the trust established over the past 30 years, Shizuoka Gas and Petronas aim to strengthen the partnership beyond the traditional relationship between LNG seller and buyer by exploring collaboration opportunities for decarbonization along the LNG value chain.
Petronas, as one of the world’s leading LNG suppliers, continues to leverage its integrated and diversified global LNG portfolio to provide reliable energy solutions to customers worldwide, supporting energy security while facilitating a responsible energy transition.
