Petronas, the Malaysian energy company, has signed an LNG supply agreement with Shenergy Group Company for a 12-year term that begins in 2020, it said in a statement.
Petronas (through its unit, Petronas LNG) signed the heads of agreement with Shenergy Group Company to supply approximately 1.5 mtpa of liquefied natural gas (LNG) to its Wuhaogou receiving terminal in China.
A shipping collaboration to construct and charter new mid-sized LNG vessels for the cargo delivery is also involved in the deal.
Petronas said going forward it will be able to support Shenergy’s increasing demand for LNG, while further strengthening Petronas’ foothold in one of the world’s fastest-growing LNG markets, thanks to this new deal.
For more information visit www.petronas.com