KUALA LUMPUR — Oct. 9, 2019: Petronas via its subsidiary Petronas LNG Ltd (PLL) has entered into a five-year liquefied natural gas sale and purchase agreement with Korea Midland Power Co. Ltd. (Komipo).
Under this arrangement, Komipo agrees to buy approximately 0.24 million tonnes per annum of LNG from PLL on a delivery ex-ship basis beginning next year.
“We are pleased to build a relationship with Komipo, one of South Korea’s largest power generation companies, and increase our customer base in the region,” said vice-president of LNG Marketing and Trading, Ahmad Adly Alias.
“This agreement demonstrates PLL’s growing capabilities to provide clean energy solutions as a partner for a sustainable future,” he added.
Komipo president and CEO Hyung Koo Park said it was really meaningful to Komipo in many ways to build a good business relationship with PLL.
PLL is one of the world’s leading suppliers of LNG. — Bernama