Petronas subsidiaries Malaysia LNG (MLNG) and Petronas LNG have signed contracts to supply Taiwan state-owned petroleum, natural gas and gasoline company CPC with liquefied natural gas (LNG) for a period of six years.
Delivery of a total of up to 2.6 million tonnes a year of LNG to CPC is scheduled from the second quarter of 2014 and 2015 respectively.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
To be shipped from the Petronas LNG complex in Bintulu, Sarawak and other supply sources, the volume is expected to meet the demand and requirements of CPC’s customers in Taiwan.
The contracts were signed in Kuala Lumpur, where MLNG was represented by its managing director / CEO Encik Zakaria Kasah, and PLL by its CEO Encik Mohamad Azmi Ahmad.
The signing of the new contracts is expected to further strengthen ties between the companies. Petronas began supplying LNG to CPC in 1995 through a 20-year contract for an annual supply of 2.25 million tonnes.
Set up in 1978, MLNG operates the Petronas LNG complex in Bintulu, claimed to be one of the world’s largest LNG complexes operating on a single site.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPLL is a global LNG trading arm for Petronas and was previously known as ASEAN LNG Trading.
As part of its efforts to strengthen security of supply to the nation and increase its LNG supply portfolio for future global demand, Petronas has also embarked on new LNG projects in Malaysia as well as in the international arena.
