PETRONAS extends LNG supply to Hokuriku Electric and signs carbon-neutral MOU

Agreement and supply

PETRONAS LNG Ltd (PLL) signed a Heads of Agreement with Hokuriku Electric to negotiate and conclude the renewal of a long-term LNG supply arrangement. PLL is expected to continue supplying up to 0.54 MTPA of LNG to Hokuriku Electric for a ten-year period from 2028. The HOA was signed in Kuala Lumpur on 14 July 2026 by Rosdi Ab Rahman, CEO of PLL, and Koji Matsuda, President of Hokuriku Electric.

Carbon-neutral collaboration

On the same day the parties signed a Memorandum of Understanding to explore strategic collaboration on carbon-neutral initiatives. The MOU targets a more resilient LNG supply chain and next-generation fuels including hydrogen and ammonia, as well as renewable energy and decarbonisation technologies such as carbon capture and storage (CCS) and carbon capture utilisation and storage (CCUS).

Background and continuity

Since 2018 PLL has been the sole supplier of LNG to Hokuriku Electric, supporting operations at the Toyama-Shinko Thermal Power Station. The HOA is intended to secure continuity of supply beyond the current contract period and reinforce PETRONAS’ position as a long-term LNG partner to Japanese buyers.

Company comments

PETRONAS’ Gas & Maritime executive leadership said the agreement reflects longstanding trust and collaboration, and emphasised continued commitment to reliable LNG delivery, energy security, operational resilience and exploring opportunities that support both parties’ transition objectives.