Petronas and Tokyo Gas ink LNG agreement
Published by Anna Nicklin,
Assistant Editor
Hydrocarbon Engineering,
Through its subsidiary, Malaysia LNG Sdn. Bhd. (MLNG), Petronas has signed a heads of agreement (HOA) with Tokyo Gas Co. Ltd to supply LNG for a period of up to 13 years.
Under the agreement, commencing in April 2018, supply to Tokyo Gas will be approximately 0.5 million tpy for the first six years, with the possibility of a volume increase of up to 0.9 million tpy for the remaining extension period.
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 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 t.
the company’s Vice President of LNG Marketing & Trading, Ahmad Adly Alias said: “The HOA is a testament to Petronas’ strength and reliability in providing flexible solutions to accommodate the different needs of buyers.”
“At Petronas, we value these relationships and the trust placed in our company for a secure and reliable supply of LNG,” added Ahmad Adly.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/15032018/petronas-and-tokyo-gas-ink-lng-agreement/
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