Under the agreement signed by its subsidiary Petronas LNG Ltd, three cargoes from the Petronas LNG complex in Bintulu, Sarawak are to be delivered to Shenergy’s terminals in Shanghai between Oct 2021 and March 2022.
“Petronas is proud to elevate the 15-year partnership with Shenergy that now includes the supply of carbon-neutral LNG, reflecting our commitment in offering decarbonised LNG solutions to the market.
“As an integrated energy player, Petronas actively seeks collaborations with buyers and end-users to achieve common sustainability goals,” said Petronas LNG marketing and trading vice-president Shamsairi Ibrahim in a statement today.
Meanwhile, Shenergy vice-president Wang Zhehong said that as a long-term LNG partner and consumer, the company is excited to receive Petronas’ delivery of carbon-neutral LNG.
“This is a meaningful milestone for both our companies in our respective endeavours to be more environmentally conscious and reduce our carbon footprint,” he said.
Shenergy has remained a major LNG buyer and partner to Petronas since 2006, following the first long-term supply agreement between Petronas and its subsidiary, Shanghai LNG Co Ltd.
Petronas has sustained its position as Shenergy’s preferred LNG solutions provider when both parties concluded another new 12-year term deal last year.
Stay current - Follow FMT on WhatsApp, Google news and Telegram