KUALA LUMPUR, Petronas LNG Ltd, a subsidiary of Petroliam Nasional Bhd (Petronas), has signed a 15-year sale and purchase agreement with Woodside Energy Trading Singapore Pte Ltd to supply one million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to Malaysia beginning in 2028.
In a statement today, Petronas said the LNG will be sourced from Woodside’s global portfolio, which may include volumes from the recently approved Louisiana LNG project in the United States. The agreement is expected to boost energy security in Peninsular Malaysia by aligning upstream gas developments with LNG imports.
Petronas LNG Marketing & Trading vice-president Shamsairi Ibrahim said the partnership with Woodside will provide Malaysia with a reliable and flexible LNG supply to support the nation’s growing economy, while also enhancing Petronas’ global portfolio in delivering energy responsibly and sustainably.
Woodside’s executive vice-president and chief commercial officer, Mark Abbotsford, described the deal as a strategic milestone, marking the company’s first long-term LNG supply arrangement with Malaysia.
“This agreement further demonstrates the strength and flexibility of Woodside’s diversified global portfolio and reinforces our position as a trusted energy supplier in Asia, supporting long-term value creation and regional prosperity,” he said.
Both companies share a long-standing relationship, having previously collaborated on exploration studies, research and development projects, as well as spot and mid-term LNG transactions.
