KUALA LUMPUR – Petronas LNG Ltd, a unit of Petroliam Nasional Bhd (Petronas), has inked an agreement with China’s Shenergy Group Co Ltd for the delivery of three carbon-neutral liquefied natural gas (LNG) cargoes from the Petronas LNG Complex (PLC) in Bintulu, Sarawak.
The deal will see Petronas’ first delivery of carbon-neutral LNG to China, to be delivered to Shenergy’s terminals in Shanghai between next month and March next year.
“Petronas is proud to elevate the 15-year partnership with Shenergy that now includes the supply of carbon-neutral LNG, reflecting our commitment in offering decarbonised LNG solutions to the market.
“As an integrated energy player, Petronas actively seeks collaborations with buyers and end-users to achieve common sustainability goals,” said Petronas LNG marketing and trading vice-president Shamsairi Ibrahim in a statement today.
Meanwhile, Shenergy vice-president Wang Zhehong said as a long-term LNG partner and consumer, the company is excited to receive Petronas’ delivery of carbon-neutral LNG.
“This is a meaningful milestone for both our companies in our respective endeavours to be more environmentally conscious and reduce our carbon footprints,” he said.
Shenergy remains a major LNG buyer and partner to Petronas since 2006, following the first long-term supply agreement between Petronas and its subsidiary, Shanghai LNG Co Ltd.
Petronas has sustained its position as Shenergy’s preferred LNG solutions provider when both parties concluded another new 12-year term deal last year. – Bernama, September 30, 2021
