Petronas extends LNG supply contract with China’s JOVO

Malaysian energy giant Petronas said it has extended a contract to supply liquefied natural gas to the private Chinese LNG terminal owner, JOVO.

JOVO owns and operates the Dongguan LNG terminal based in Guangdong, South China.

The contract extension signed between the two companies will “ensure a stable and significant increase of LNG supply to JOVO up until at least 2023 as the company seeks to expand its downstream market to meet end-users demand in China,” Petronas said in a statement on Thursday.

Petronas, which operates from its main supply base in Bintulu, Sarawak, said it has already delivered conventional deliveries into Yangshan, partial cargo deliveries into Dongguan and small vessel deliveries into Shanghai Wuhaogao and Hainan Macun. Deliveries into China will typically take only 5 days, according to Petronas.

Malaysia’s Petronas has also diversified its LNG supply portfolio in recent years with the addition of Gladstone LNG in Australia and the upcoming floating LNG producing projects in offshore Sabah and Sarawak.

The contract was signed by Ahmad Adly Alias, VP of LNG Marketing & Trading, Upstream Petronas, and Zhang Jiangguo, President and CEO of JOVO Group.

According to Ahmad Adly, Petronas intends to grow its footprint in China by increasing its LNG supply to existing buyers and expanding its customer base.

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >