Petronas wins RM29bil deal to supply LNG to CNOOC

“Importantly, it reflects the markets’ receptiveness and recognition of AECO indexed LNG into the world’s largest LNG market; as we seek to grow the use of LNG as a cleaner and cost-effective form of energy, ” said Petronas vice-president of LNG marketing and trading, Shamsairi M. Ibrahim. (File pic)

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) subsidiary Petronas LNG Ltd has secured a deal to supply liquefied natural gas (LNG) worth RM29bil to CNOOC Gas and Power Trading & Marketing Ltd, a unit of China National Offshore Oil Corp (CNOOC).

The long-term supply agreement also includes supply from LNG Canada when the facility commences its operations by middle of the decade, Petronas said.