Report: Petronas to sell LNG to EDF Trading

Report: Petronas to sell LNG to EDF Trading

Malaysia’s Petronas is reportedly looking to sign a deal with EDF Trading for the delivery of limited LNG volumes over a period of three years. 

Reuters reports, citing industry sources, that the London-based trading arm of France’s EDF will be delivered one LNG cargo per quarter. However, the trader has the option to turn down two deliveries per year.

Petronas, that has extended its deal with China’s JOVO to supply liquefied natural gas up until at least 2023, has been finding it difficult to place the excess volumes. The imminent start-up of its first FLNG unit will add to the supply.

EDF Trading has also recently agreed to buy about 1.5 million mt of LNG from Jera, one of the world’s largest LNG buyers, a joint venture between Chubu Electric and Tepco, turning the buyer into a seller.

Petronas volumes will go into EDF’s global portfolio and have no fixed destinations.


LNG World News Staff

Share this article

Follow LNG World News


<< Dec 2019 >>
25 26 27 28 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 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

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

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 >