Petronas in flexible Japan LNG deal
Malaysia “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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