Petronas signs 20-year LNG supply deal with Japan power generation giant

AWANI

Petronas has signed a long-term LNG sales and purchase agreement with Japan’s Jera for the supply of two million tonnes of LNG annually over 20 years from 2028.

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00:00Petronas will supply Japanese power generation giant Jehra with 2 million tons of liquefied natural gas a year under a

00:09new 20-year deal beginning in 2028.

00:13The agreement comes as Japan moves to strengthen its energy security amid global supply uncertainty linked to the war in

00:21Iran and disruptions to shipping through the Strait of Hormuz.

00:25Japan currently imports about 15% of its LNG from Malaysia.

01:01Jera is Japan's largest power generation company and one of the world's biggest LNG buyers.

01:07Japanese Prime Minister Sanai Takaichi said cooperation with Malaysia, which she described as a stable LNG supplier, was becoming more

01:15important than ever.

01:16Prime Minister Datuk Sri Anwar Ibrahim is on a three-day working visit to Japan.

01:21The two leaders also agreed to deepen cooperation on critical minerals, fertilizer feedstocks, semiconductors, artificial intelligence, defense and maritime security.

01:32Anwar said both countries would also work to boost trade using the ringgit and yen.

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