PETRONAS has signed a 20-year agreement to purchase liquefied natural gas (LNG) from QatarEnergy, the national oil and gas company said on Wednesday.
Under the deal, Petroliam Nasional Bhd will offtake up to two million tonnes of LNG annually. Financial terms were not disclosed.
PETRONAS said the long-term supply will strengthen Malaysia’s energy security by ensuring stable and reliable LNG availability to meet rising domestic demand.
The agreement comes as PETRONAS moves to expand its LNG portfolio amid growing demand for cleaner energy, as countries transition away from higher-emission fuels such as coal and oil in power generation and transportation.
Energy consumption in Malaysia is also increasing, driven by the rapid expansion of power-intensive data centres and artificial intelligence projects.
“This agreement marks an important milestone for PETRONAS in enhancing energy security for those we serve,” said PETRONAS president and group chief executive officer Tan Sri Tengku Muhammad Taufik.
He added that LNG supply from QatarEnergy will complement cargoes from PETRONAS’ LNG operations in Malaysia and Canada, helping diversify supply sources while improving overall efficiency and value creation.
Last year, PETRONAS signed a separate 15-year agreement with Australia’s Woodside Energy to import one million tonnes of LNG per year from 2028.
