LNG

Petronas LNG has signed a head of agreement with Hokuriku Electric to negotiate the renewal of an LNG supply deal for up to 0.54 mtpa for a decade starting 2028. The HoA underscores Japan’s reliance on LNG for power generation.

Malaysia’s state-owned energy company Petronas has signed a long-term LNG sale and purchase agreement (SPA) with Japan’s Shizuoka Gas, covering approximately 0.84 mtpa of LNG supply starting in 2032.

Malaysia’s Petronas has taken delivery of the newbuilt LNG carrier Puteri Kedah, following delivery of a the similar-sized Puteri Johor LNGC on late May. Both vessels are owned by the joint venture companies of ‘K’ LINE.

Caturus, a Houston-based independent gas company, has secured $9.75 billion in project finance-style debt for its Commonwealth LNG, with total equity and debt commitments reaching $21.25 billion.

Japan’s largest power generator JERA has signed an LNG sales and purchase agreement with Malaysia’s Petronas to secure up to 2 mtpa of supply over 20 years starting in 2028.

Abu Dhabi's sovereign wealth fund Mubadala Energy has backed Kimmeridge’s $13 billion Commonwealth LNG project in Louisiana with equity financing, enabling the project to reach financial close.

Malaysia’s Petronas has signed 20‑year time charter agreements with MISC Group for five newbuild LNG carriers, with deliveries due to begin in 2029 and continue into 2030.

INPEX Masala, the Indonesian subsidiary of Japan’s largest oil and gas producer, has received environmental approval for the Abadi LNG project, currently in the FEED stage. The project’s annual production will reach 9.5 million tons – equivalent of more than 10% of Japan’s annual LNG imports.

Malaysia’s Petronas has inked a 20-year sale and purchase agreement (SPA) with QatarEnergy for up to 2 million tonnes per annum (mtpa) of LNG. The deal, signed at the LNG2026 trade show in Doha, marks the first long-term LNG supply contract between the two state-owned energy giants.

Private capital from Asian exploration and production (E&P) investor are flocking to the North American market in search for LNG-linked assets. Deal flow is shaped by a ‘merger of equals’ as consolidation among Canada’s Montney shale producers accelerates, and Asian buyers seek to get their hands on shale and LNG-linked assets in the US.