What is the volume of LNG to be supplied in the new deal?

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New LNG Supply Deal Details Revealed

Petronas LNG Ltd (PLL) has entered into a seven-year agreement with Shizuoka Gas Co Ltd to supply approximately 0.84 million tonnes of liquefied natural gas (LNG), with deliveries commencing in 2032. This new accord aims to enhance supply flexibility and reliability for Shizuoka Gas, catering to its evolving energy demands in response to shifting market conditions. The agreement underscores a long-standing commercial relationship between the two entities.
Seven-Year Supply Commitment

The newly established sale and purchase agreement between Petronas LNG Ltd and Shizuoka Gas Co Ltd is set to span a duration of seven years. This commitment will facilitate the delivery of a substantial volume of LNG, specifically around 0.84 million tonnes, beginning in 2032. This long-term arrangement is designed to provide Shizuoka Gas with a stable and predictable source of energy.
Commencement of Supply in 2032

Deliveries under this new LNG sale and purchase agreement are scheduled to commence in the year 2032. This forward-looking timeline allows for strategic planning and integration of the supplied LNG into Shizuoka Gas's energy portfolio. The agreement signifies a continuation and expansion of the existing commercial ties between Petronas and Shizuoka Gas.
Substantial LNG Volume Agreed

The volume of liquefied natural gas to be supplied under this seven-year agreement is approximately 0.84 million tonnes. This quantity reflects the significant energy requirements of Shizuoka Gas and Petronas's capacity to meet these demands. The deal aims to provide a reliable flow of LNG to support the Japanese utility's operations.
Enhanced Supply Flexibility and Reliability

A key objective of this agreement is to offer Shizuoka Gas enhanced supply flexibility and reliability. In an environment of dynamic market conditions, such provisions are crucial for ensuring consistent energy provision. Petronas aims to leverage its global portfolio to deliver LNG solutions that support Shizuoka Gas's evolving energy needs.

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What is the volume of LNG to be supplied in the new deal?

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