Regional LNG: PETRONAS signs deal to purchase LNG from Commonwealth LNG
Tuesday, June 17 2025 - 05:10 PM WIB
Romel S. Gurky
PETRONAS LNG Ltd., a subsidiary of Malaysia’s state-owned PETRONAS, has signed a significant 20-year Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA) with Commonwealth LNG, LLC. The deal marks a major step in PETRONAS' strategy to diversify its LNG portfolio by securing long-term supplies from the United States.
Under the agreement, PETRONAS will purchase one million tonnes per annum (MTPA) of LNG from Commonwealth LNG's 9.5 MTPA facility currently being developed in Cameron, Louisiana. The agreement solidifies a long-term partnership and is set to play a key role in securing a reliable LNG supply for PETRONAS customers.
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The signing ceremony took place during Energy Asia 2025 and featured Ezran Mahadzir, CEO of PETRONAS LNG Ltd., and Farhad Ahrabi, CEO of Commonwealth LNG. Also present were senior PETRONAS executives, including Datuk Adif Zulkifli, EVP and CEO of PETRONAS Gas & Maritime Business, and Shamsairi M Ibrahim, VP of LNG Marketing and Trading.
“This agreement underscores our commitment to fostering global partnerships for a sustainable and reliable LNG supply,” said Shamsairi M Ibrahim. “This collaboration with Commonwealth LNG expands our supply nodes and strengthens PETRONAS’ position in the global LNG market.”
Editing by Alexander Ginting