Long-term deal supports China’s Dual Carbon ambitions and reinforces PETRONAS’s role as a reliable LNG partner in Asia

KUALA LUMPUR, Dec 24 (Bernama) -- PETRONAS, through its subsidiary PETRONAS LNG Ltd., has entered into a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG). 

The agreement builds on the long-standing working relationship between PETRONAS and CNOOC, strengthening cooperation in LNG supply while supporting China’s economic growth, and national clean energy agenda, including the “Dual Carbon” aspirations of peaking emissions before 2030 and achieving carbon neutrality by 2060.

Shamsairi M Ibrahim, Vice President of PETRONAS LNG Marketing and Trading, stated: “This agreement marks an elevation of our relationship with CNOOC, advancing our shared commitment to energy security and a lower carbon future. Beyond supplying LNG, it reflects the continued development of our long-term partnership. PETRONAS remains committed to delivering reliable and cleaner LNG solutions, working with partners to advance shared energy transition goals.”

This long-term commitment reinforces PETRONAS’ position as a trusted LNG partner to China, while reflecting ongoing collaboration with CNOOC, in one of Asia’s most dynamic gas markets. With Asia’s rising demand for lower-carbon fuels, PETRONAS will continue to deliver LNG from its established portfolio to support customers’ evolving energy needs across the region. 

About Petroliam Nasional Berhad (PETRONAS)
As a global energy and solutions partner, PETRONAS is driven by its purpose to enrich lives for a sustainable future. With presence in over 100 countries, the group continues expanding its portfolios ranging from conventional and cleaner energy solutions to a diverse range of fuel, lubricants and petrochemical products. While ensuring sustainable practices across its operations, PETRONAS strives to ensure just and equitable outcomes in transitioning to a lower carbon future 

Issued by:
Media Management
Channels & Media Relations
Group Strategic Relations & Communications
PETRONAS

SOURCE: PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Esha Lim Hwee Nee
Tel: +6012 412 0117
Email: eshalim.hweenee@petronas.com 

Name: Nabil Basaruddin 
Tel: +6012 424 9750
Email: nabil.basaruddin@petronas.com 

Name: Hana Nazsulaeeqa Harun 
Tel: +6010 455 3378
Email: hananazsulaeeqa.haru@petronas.com.my  

--BERNAMA