Petronas, JERA ink LNG supply deal

Petronas, JERA ink LNG supply deal
Image courtesy of Petronas

Malaysian energy giant and LNG player Petronas, signed a deal with Japan’s JERA for the supply of approximately 2.5 million tons of liquefied natural gas per year.

The heads of agreement (HoA) signed through Petronas’ unit, Malaysia LNG, has a three-year term starting in April 2018.

Malaysia LNG operates the Petronas liquefied natural gas complex in Bintulu, Sarawak, a nine-train facility with a combined annual production capacity of about 30 million tons.

LNG buying giant JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power , said the volumes will be delivered both on a DES (delivered ex ship) and FOB (free on board) basis.

JERA noted in its statement that the destination clause in the deal is “line with the survey on LNG trades report released by the Japan Fair Trade Commission in June 2017.”

The company added the volumes will contribute to its ability not only to respond to uncertainties in LNG demand but also to optimize its LNG operations.

Share this article

Follow LNG World News

Events>

<< May 2019 >>
MTWTFSS
29 30 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 Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

GIE Annual Conference 2019

The French gas infrastructure operators ELENGY, GRTgaz and Storengy are looking forward to be your hosts in 2019.

read more >