KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will deliver three carbon neutral liquefied natural gas (LNG) cargoes to China’s Shenergy Group Company Ltd from October to March 2022.
Petronas said its subsidiary, Petronas LNG Ltd, had signed an agreement with Shenergy Group for the delivery of LNG cargoes from Petronas LNG Complex in Bintulu, Sarawak.
“The deal will see Petronas’ first delivery of carbon neutral LNG to China,” it said.
Petronas vice president of LNG marketing and trading Shamsairi Ibrahim said the group actively sought collaborations with buyers and end-users to achieve common sustainability goals.
“Petronas is proud to elevate our 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,” said Shamsairi.
Shenergy vice president Wang Zhehong said as a long-term LNG partner and consumer of Petronas, the delivery aligned with China’s ambition of hitting peak carbon dioxide emissions by 2030.
“This is a meaningful milestone for both our companies in our respective endeavours to be more environmentally conscious and reduce our carbon footprints,” said Wang.
Shenergy remains a major LNG buyer and partner to Petronas since 2006 following the first long-term supply agreement with its subsidiary Shanghai LNG Co Ltd.
Petronas sustained its position as Shenergy’s preferred LNG solutions provider when both parties concluded another new 12-year term deal last year.
Source: New Straits Times
