Petronas, JERA sign 20-year LNG supply deal

Petroliam Nasional Bhd. and JERA Co. Inc. have signed a new long-term LNG supply agreement, extending one of Asia’s longest-standing LNG partnerships into the 2040s.

State-owned Petronas, through its wholly owned subsidiary Petronas LNG Ltd. (PLL), will supply up to 2 million tonnes/year (tpy) of LNG over a 20-year period starting in 2028, primarily sourced from Malaysia. The agreement follows a memorandum of understanding signed in June 2025 to expand collaboration across the LNG value chain.

Petronas is a core supplier to Japan, one of the world’s largest LNG importers. Malaysia shipped its first LNG cargo to Japan in 1983.

LNG will be delivered using Petronas’ new generation of 174,000-cu-m LNG carriers, designed to comply with the International Maritime Organization’s enhanced emissions standards.