Jan 20 (LNGJ) - Malaysian oil and gas company Petronas has signed an agreement with the Chinese state-owned energy firm, Shenergy Group, to supply around 1.5 million tonnes per annum of LNG to Shenergy’s Wuhaogou facilities near Shanghai.
The heads of agreement is for a 12-year term starting from 2022 and will involve a shipping collaboration to construct and charter new mid-sized LNG vessels for the cargo deliveries. Petronas has been a major LNG supplier to Shenergy's subsidiary, Shanghai LNG Co., since 2006.
“The long-term deal, which involves the delivery of mid-sized cargoes to unique LNG receiving terminals, is a testimony of Petronas’s commitment to customer-centricity and market adaptability,” said Adnan Zainal Abidin, the Malaysian company’s Chief Executive for Gas and New Energy.
