Petronas signs 12-year LNG supply deal

Petroliam Nasional Bhd. (Petronas) subsidiary Petronas LNG Ltd. has signed a heads of agreement with Shenergy Group Co. Ltd. for the supply of 1.5 million tonnes/year of LNG to Shenergy’s Wuhaogou receiving terminal in China, the company said Jan. 20.

The 12-year agreement, scheduled to begin in 2022, also involves a shipping collaboration to construct and charter new mid-sized LNG vessels for the cargo delivery.