Petroliam Nasional Bhd’s subsidiary Petronas LNG Ltd (PLL) has signed a 20-year Liquefied Natural Gas (LNG) sale and purchase agreement (SPA) with QatarEnergy, marking the first long-term LNG supply deal between the two energy firms.
Under the SPA, PLL will offtake up to 2 million tonnes per annum (MTPA) of LNG from QatarEnergy over the duration of the contract. The transaction framework strengthens Malaysia’s energy supply ties with Qatar and is aligned with Petronas’ broader LNG portfolio strategy, which focuses on securing stable, long-term sources of LNG to support domestic and international energy demand.
The agreement is expected to enhance energy cooperation between the two countries while providing Petronas LNG with predictable supply and pricing structures over the next two decades. The deal also reflects growing demand for LNG in the Asia-Pacific region as countries transition toward cleaner fuel sources and seek reliable baseload energy commodities.