When will the new LNG supply agreement between Petronas and Shizuoka Gas commence?

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The new LNG supply agreement will commence in 2032
Petronas LNG Ltd (PLL), a subsidiary of Petroliam Nasional Bhd (Petronas), has signed a seven-year LNG sale and purchase agreement with Shizuoka Gas Co Ltd to supply approximately 0.84 million tonnes of LNG. The agreement is set to commence in 2032.
The deal is structured as a seven-year agreement
The LNG sale and purchase agreement is for a fixed seven-year term between PLL and Shizuoka Gas Co Ltd. It covers the supply of approximately 0.84 million tonnes of LNG over the contract period.
Start date is set for 2032
The agreement will begin in 2032, which defines when LNG deliveries under the new contract are scheduled to start. This timing is stated as the commencement year in the agreement’s announcement.
The contract is tied to supply volumes under the new arrangement
The announced supply figure of about 0.84 million tonnes is linked to the new agreement’s scope. With the contract commencing in 2032, that volume is intended to be delivered throughout the seven-year period that follows.
Signing was marked at a ceremony in Kuala Lumpur
The signing ceremony was held in Kuala Lumpur, with Petronas executive vice-president and chief executive officer of gas and maritime business Datuk Adif Zulkifli and Shizuoka Gas representative director and president Yoshitake Matsumoto in attendance. The event also marked the 30th anniversary of the first LNG cargo delivered by Petronas to Shizuoka Gas.

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When will the new LNG supply agreement between Petronas and Shizuoka Gas commence?

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