Feb 04, 2026 (MarketLine via COMTEX) --
The procurement aims to reinforce MalaysiaaEUR(TM)s energy supply security and ensure consistent LNG availability to meet growing demand.
Petronas LNG has entered into a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with QatarEnergy, the first long-term LNG supply contract between the two entities.
Based on the agreement, the Petronas subsidiary will receive up to two million tonnes per annum (mtpa) of LNG from the Qatari state-owned company.
The procurement is aimed at strengthening Malaysia's energy supply security and ensuring consistent LNG availability to meet the country's increasing demand.
The SPA was signed in Doha during the 21st International Conference & Exhibition on Liquefied Natural Gas (LNG2026). Petronas president and group CEO Tan Sri Tengku Muhammad Taufik and Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and CEO of QatarEnergy, were present at the ceremony.
Tan Sri Tengku Muhammad Taufik said: aEURoeThis agreement marks an important milestone for Petronas in bolstering energy security for those we serve. The supply of LNG through partnerships with industry-leading partners such as QatarEnergy complements the cargoes from our LNG heartlands in Malaysia and Canada, diversifying our supply nodes even as Petronas unlocks new avenues to derive greater value and efficiency.aEUR
This collaboration is part of PetronasaEUR(TM) strategy to enhance its portfolio resilience amid global changes in the energy sector, while supporting MalaysiaaEUR(TM)s economic growth and energy transition goals.
Petronas also said that the partnership signals the shared commitment with QatarEnergy to strengthen their cooperation across the LNG value chain, aiming for a sustainable gas portfolio.
The agreement is said to build on years of collaboration between the two companies, setting a foundation for delivering long-term value and contributing towards a sustainable energy future.
Earlier this week, Japanese power generation company JERA announced a similar long-term LNG SPA with QatarEnergy. The deal is for procuring 3mtpa of LNG over 27 years, with shipments beginning in 2028.
This SPA was also executed during the LNG2026 conference and featured JERA's global CEO Yukio Kani and Saad Sherida Al-Kaabi.
LNG under the SPA will be delivered ex-ship from QataraEUR(TM)s production facilities. The purchase is in line with JapanaEUR(TM)s Seventh Strategic Energy Plan, which maintains a role for natural gas, even in a carbon-neutral future, and reinforces the need to secure stable, long-term LNG volumes.
QatarEnergy LNG, on behalf of QatarEnergy, recently awarded a contract to Japan-based Chiyoda to execute the front-end engineering design for the North Field West LNG onshore facilities in Ras Laffan, Qatar. North Field West is the third stage of the North Field expansion programme and is designed to increase QataraEUR(TM)s total LNG output capacity to 142mtpa upon completion.
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
COMTEX_473217868/2227/2026-02-09T16:04:25
Copyright (C) 2026 Datamonitor. All rights reserved
