Petronas FNLG 1

Petronas in flexible Japan LNG deal

KUALA LUMPUR, March 14, 2018 – Petronas has signed a flexible 13-year contract to sell LNG to Japan’s Tokyo Gas, the Malaysian NOC announced on Wednesday.


“The heads of agreement is a testament to Petronas’ strength and reliability in providing flexible solutions to accommodate the different needs of buyers,” said Ahmad Adly Alias, the NOC’s vice-president for LNG marketing and trading, in a statement.

The deal marks a departure from traditional fixed destination contracts that until recently dominated the LNG market, the Financial Times noted in a separate report. Supplies will start next month and the Japanese company will buy around 500,000 tpy of LNG during the first six years and up to 900,000 tpy thereafter.

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