PETRONAS, JERA Sign New Long-Term Supply Deal Extending Partnership Into 2040s

TOKYO, June 10 (Bernama) -- Petroliam Nasional Bhd. (PETRONAS) and JERA Co., Inc. have reaffirmed one of Asia’s longest-standing Liquefied Natural Gas (LNG) partnerships, through the signing of a new long-term supply agreement, extending their collaboration into the 2040s.

Under the agreement, PETRONAS, through its wholly owned subsidiary PETRONAS LNG Ltd. (PLL), will supply up to approximately 2 million tonnes per annum (MTPA) of LNG over a 20-year period starting in 2028. This reinforces PETRONAS’ position as a core supplier to Japan, one of the world’s largest LNG importers.