KUALA LUMPUR, March 10 2017 : Petroliam Nasional Bhd (Petronas), through its unit, Malaysia LNG Sdn Bhd (MLNG), has signed a 10-year liquefied natural gas (LNG) supply agreement with Hokkaido Electric Power Co (HKE) on March 2, 2017.
HKE is one of the utility companies in Japan responsible for the stable supply of electricity to Hokkaido Prefecture.
Under the terms of the agreement, MLNG would deliver up to 130,000 metric tonnes of LNG per year to HKE receiving facilities.
In a statement yesterday, MLNG chairman, Datuk Mohd Anuar Taib, said the partnership with HKE demonstrated Petronas’ commitment to providing long-term LNG solutions to its customers.
“We would like to thank HKE for the trust placed in Petronas for a secure and reliable supply of this cleaner energy source, and we look forward to building upon this relationship into the future,” he said.
The signing ceremony was held in Kuala Lumpur. Also present was HKE executive vice president, Yutaka Fujii.
MLNG operates the Petronas LNG Complex in Bintulu, Sarawak, one of the world’s largest LNG complexes operating on a single site.
The nine-train facility has a combined annual production capacity of about 30 million tonnes.
Petronas has over 30 years’ experience in integrated global LNG business. – Bernama