Petronas in flexible Japan LNG deal
Malaysia 
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.
Read our latest insights on:
More content from Malaysia
Latest news and features
