PETRONAS and Commonwealth LNG Sign 20-Year Agreement For Sustainable LNG Supply
- news2u
- 7 hours ago
- 2 min read
KUALA LUMPUR, June 17 (Bernama) -- PETRONAS through its subsidiary PETRONAS LNG Ltd. has entered a Liquefied Natural Gas (LNG) Sale and Purchase Agreement with Commonwealth LNG, LLC (Commonwealth LNG) marking a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States.
Under the SPA, PETRONAS is purchasing one million tonnes per annum (MTPA) LNG from Commonwealth LNG for a period of 20 years from Commonwealth’s 9.5 mtpa facility currently under development in Cameron, Louisiana.
The signing was commemorated in a document exchange ceremony between Ezran Mahadzir, Chief Executive Officer of PETRONAS LNG Ltd., and Farhad Ahrabi, President and Chief Executive Officer of Commonwealth LNG on the sidelines of Energy Asia 2025. Also present was Datuk Adif Zulkifli, Executive Vice President and Chief Executive Officer of PETRONAS Gas & Maritime Business and Shamsairi M Ibrahim, Vice President of LNG Marketing and Trading, PETRONAS Gas & Maritime Business.
Shamsairi M Ibrahim, Vice President of LNG Marketing and Trading at PETRONAS, shared, “This agreement underscores PETRONAS’ commitment to fostering global partnerships that ensure reliable, sustainable and long-term LNG supply for our customers. Collaborating with Commonwealth LNG will expand our supply node and strengthen our presence in the global LNG market.”
This collaboration signifies a key step towards a shared ambition to deliver sustainable energy solutions advancing strategic energy collaboration, contributing to regional energy security and reinforcing Commonwealth LNG’s role as a reliable player in the global LNG landscape.
Farhad Ahrabi, President and Chief Executive Officer at Commonwealth LNG, commented, “We’re pleased to establish this partnership and proud that Commonwealth LNG has been invited to help extend PETRONAS’ successful history of more than a half-century in serving global energy needs.”
About PETRONAS
As a global energy and solutions partner, PETRONAS is driven by its purpose to enrich lives for a sustainable future. With presence in over 100 countries, the group continues expanding its portfolios ranging from conventional and cleaner energy solutions to a diverse range of fuel, lubricants and petrochemical products. While ensuring sustainable practices across its operations, PETRONAS strives to ensure just and equitable outcomes in transitioning to a lower carbon future.
Issued by:
Media Communications
Group Strategic Relations & Communications
PETRONAS
SOURCE: PETRONAS
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