What is the total LNG volume Petronas will supply Shizuoka Gas from 2032?

Question

Accepted Answer

Petronas to Supply 0.84 Million Tonnes of LNG to Shizuoka Gas from 2032

Petronas LNG Ltd (PLL), a subsidiary of Petroliam Nasional Bhd, has entered into a seven-year agreement with Japan's Shizuoka Gas Co Ltd to supply approximately 0.84 million tonnes of liquefied natural gas (LNG) commencing in 2032. This new deal builds upon a three-decade-long relationship between the two companies, underscoring a commitment to meeting Shizuoka Gas's evolving energy demands with flexible and reliable LNG solutions. The agreement was formalised at a ceremony that also commemorated the 30th anniversary of Petronas's first LNG delivery to Shizuoka Gas.
New Seven-Year LNG Sale and Purchase Agreement

The newly signed agreement between Petronas LNG Ltd (PLL) and Shizuoka Gas Co Ltd is set to run for a period of seven years, commencing in 2032. This contract will see PLL supply an estimated 0.84 million tonnes of LNG over the duration of the agreement. This arrangement is designed to offer Shizuoka Gas enhanced flexibility and reliability in its LNG supply, catering to the utility's changing energy requirements in response to dynamic market conditions.
Commemoration of a Long-Standing Partnership

The signing ceremony served not only to formalise the new supply contract but also to celebrate the enduring relationship between Petronas and Shizuoka Gas. The event marked the 30th anniversary of the initial delivery of an LNG cargo from Petronas to Shizuoka Gas, highlighting a history of mutual trust and shared growth. This milestone underscores the deep-rooted nature of their partnership, which has continued to adapt to the evolving energy landscape over three decades.
Exploring Decarbonisation Collaboration

Beyond the commercial aspects of LNG supply, Shizuoka Gas and Petronas intend to deepen their collaboration by exploring joint opportunities in decarbonisation initiatives. Both entities aim to work together along the entire LNG value chain to identify and implement measures that contribute to reducing carbon emissions. This forward-looking approach signifies a mutual commitment to sustainable practices within the energy sector, extending beyond traditional buyer-seller dynamics.

Reading history

Hide →

This history is cleared when the page is closed.

What is the total LNG volume Petronas will supply Shizuoka Gas from 2032?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends