KUALA LUMPUR, Dec 24 (Bernama) — PETRONAS, through its subsidiary PETRONAS LNG Ltd., has entered into a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG).
The agreement builds on the long-standing working relationship between PETRONAS and CNOOC, strengthening cooperation in LNG supply while supporting China’s economic growth, and national clean energy agenda, including the “Dual Carbon” aspirations of peaking emissions before 2030 and achieving carbon neutrality by 2060.