Malaysian national energy firm Petronas has made an arrangement with Japan’s Tokyo Gas to supply it with LNG for 13 years.
The agreement commences in April and will see Petronas supply 500,000 tonnes of liquefied natural gas per year for the first six years.
There is then an option for the tonnage to then increase to 900,000 for the remainder of the contract.
Petronas vice president of LNG marketing and trading, Ahmad Adly Alias said: “The heads of agreement 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.”
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