Malaysian Energy giant Petronas has signed a deal with Hokuriku Electric Power to supply up to sixty cargoes of liquefied natural gas (LNG) to the Japanese utility.
Under the 10-year agreement signed on Monday in Kuala Lumpur, Malaysia LNG (MLNG), a unit of Petronas, will supply up to six cargoes of LNG per year to Hokuriku Electric beginning in March 2018.
The deal was signed by Malaysia LNG’s Chairman Datuk Mohd Anuar Taib and Yutaka Kanai, President of Hokuriku Electric Power.
MLNG was established in 1978 and operates the Petronas LNG Complex in Bintulu, one of the world’s largest LNG complexes operating at a single site.
The Bintulu complex consists of eight production trains and a combined capacity of 24 million tonnes per annum (mtpa).