Petronas agrees 20-year LNG supply deal with Shenergy

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Petroliam Nasional (Petronas) subsidiary Petronas LNG (PLL) has signed long-term heads of agreement (HOA) with Shenergy Group for the supply LNG to latter’s Wuhaogou receiving terminal in China.

Under the terms of the 12-year HOA, Petronas LNG will supply approximately 1.5 million tonnes per annum (MTPA) of LNG to Shenergy’s Wuhaogou receiving terminal.

Additionally, the LNG supply agreement involves a shipping collaboration to construct and charter new mid-sized LNG vessels. The deal is effective from 2022.

Petronas said that the new long-term agreement establishes itself as a preferred LNG solutions partner for Shenergy. The Malaysian company has been a major LNG supplier to Shenergy’s subsidiary, Shanghai LNG, since 2006.

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