KUALA LUMPUR, Jan 20 (Bernama) — PETRONAS, through its subsidiary, PETRONAS LNG Ltd. (PLL), signed a Heads of Agreement (HOA) with Shenergy Group Company Limited (Shenergy) to supply approximately 1.5 MTPA of liquefied natural gas (LNG) to its Wuhaogou receiving terminal in China.
The LNG supply agreement is for a 12-year term starting from 2022, also involves a shipping collaboration to construct and charter new mid-sized LNG vessels for the cargo delivery. Through this new long-term agreement, PETRONAS continues to establish itself as Shenergy’s preferred LNG solutions partner, having been a major LNG supplier to its subsidiary, Shanghai LNG Co., Ltd since 2006.