PETRONAS and Shizuoka Gas renew 30‑year LNG partnership
- PLL will supply approximately 0.84 million metric tonnes of LNG over a seven‑year period commencing in 2032.
- The agreement leverages PETRONAS' diversified global LNG portfolio to provide greater supply flexibility and reliability.
- The signing ceremony marked the 30th anniversary of PETRONAS' first LNG cargo to Shizuoka Gas.
- Shizuoka Gas and PETRONAS will explore collaboration opportunities for decarbonisation along the LNG value chain.
Deal
PETRONAS LNG Ltd. (PLL) signed a new LNG Sale and Purchase Agreement with Shizuoka Gas for approximately 0.84 million metric tonnes of LNG to be delivered over seven years, commencing in 2032. The arrangement uses PETRONAS' diversified global LNG portfolio to provide supply flexibility and reliability to support Shizuoka Gas' evolving energy requirements.
Ceremony and history
The signing took place in Kuala Lumpur and was attended by PETRONAS Executive Vice President and CEO of Gas and Maritime Business Datuk Adif Zulkifli and Shizuoka Gas Representative Director and President Yoshitake Matsumoto. The ceremony also marked the 30th anniversary of the first LNG cargo delivered by PETRONAS to Shizuoka Gas.
Strategic context
The companies presented the SPA as reinforcing long‑term energy security and supply resilience amid changing market dynamics, reflecting rising demand for flexible LNG supply solutions. PETRONAS stated its commitment to delivering reliable and flexible LNG through its global portfolio while supporting a pragmatic and responsible energy transition.
Future collaboration
Building on three decades of partnership, Shizuoka Gas and PETRONAS intend to strengthen their relationship beyond traditional seller–buyer roles by exploring joint opportunities for decarbonisation along the LNG value chain.
Source: Petronas