LNG

July 7 (LNGJ) - Malaysian oil and gas company Petronas said the LNG division signed a 10-year deal to supply volumes to the trading unit of the Chinese major China National Offshore Oil Corp. “The deal is for 2.2 million tonnes per annum indexed to a combination of the Brent and Alberta Energy Company (AECO) indices,” said Petronas.

   The transaction between Petronas and CNOOC was given a value by the Malaysians of around $7 billion over the 10 years. “This long-term supply agreement also includes supply from LNG Canada when the facility commences its operations by middle of the decade,” said Petronas.