PETRONAS LNG Ltd., a subsidiary of PETRONAS, has signed an agreement with China’s Shenergy Group Company Limited for the delivery of three carbon-neutral liquefied natural gas (LNG) cargoes from the PETRONAS LNG Complex (PLC) in Bintulu, Sarawak.
The deal will see PETRONAS’ first delivery of carbon-neutral LNG to China, to Shenergy’s terminals in Shanghai between October 2021 and March 2022. Last month, PETRONAS shipped its first carbon-neutral LNG cargo to Japan.
PETRONAS Vice President of LNG Marketing & Trading, Shamsairi Ibrahim says, “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. As an integrated energy player, PETRONAS actively seeks collaborations with buyers and end-users to achieve common sustainability goals.”
Commenting on the agreement, Shenergy Vice President, Wang Zhehong says as a long-term LNG partner and consumer, the company welcomes PETRONAS’ delivery of carbon-neutral LNG to China. “That aligns with the country’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 reducing our carbon footprints.”
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.
