PETRONAS LNG Ltd. (PLL) is a wholly owned subsidiary of Petroliam Nasional Berhad (PETRONAS), Malaysia's national oil and gas company. Established as the global LNG trading and marketing arm of PETRONAS (formerly known as ASEAN LNG Trading Co. Ltd.), PLL manages the sale, purchase, and distribution of liquefied natural gas sourced from PETRONAS' extensive production assets, including the PETRONAS LNG Complex in Bintulu, Sarawak—the world's third-largest single-site LNG facility with a capacity of approximately 30 million tonnes per annum.
PLL supports PETRONAS' integrated LNG value chain by securing long-term supply agreements, chartering LNG carriers, and delivering cargoes to over 25 countries. Recent activities include a 20-year time charter with MISC for five advanced 174,000 cbm LNG carriers and SPAs with partners like QatarEnergy, CNOOC, and Venture Global to ensure energy security and facilitate the transition to lower-carbon fuels.
Also known as PETRONAS LNG Limited.
6 LNG cargoes/year (~0.6 bcma) for five years from 2027 to boost supply diversification and regional energy resilience.
Revenue up 15% to RM152.4bn; PAT RM27.2bn; CAPEX RM41.4bn and full ownership of PRefChem expected in 2H 2026 amid West Asia conflict-driven volatility.
Renewal HOA secures up to 0.54 MTPA LNG for 10 years from 2028 and an MOU to explore hydrogen, ammonia, renewables and CCS/CCUS.
SPA for ~0.84 MMT LNG over seven years starting 2032; adds supply flexibility and reliability and includes plans to explore decarbonisation collaboration.
Up to ~2 MTPA of LNG supplied from 2028 for 20 years, delivered on new low‑emission 174,000‑cbm carriers via a more flexible supply arrangement.
174,000-cbm newbuild LNG vessels to be built in Shanghai, delivery 2029–2030; will use XDF2.1 propulsion, shaft generators and onboard reliquefaction; project and ship management arranged.
