KONTAN.CO.ID - KUALA LUMPUR. Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas (LNG) supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday. Petronas, or Petroliam Nasional Berhad, said the deal with CNOOC Gas and Power Trading & Marketing Limited is for 2.2 million tonnes per annum over a 10-year period. "This long-term supply agreement also includes supply from LNG Canada when the facility commences its operations by the middle of the decade," Petronas said in a statement.
Malaysia's Petronas agrees 10-year LNG supply deal with CNOOC valued at $7 bilion
KONTAN.CO.ID - KUALA LUMPUR. Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas (LNG) supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday. Petronas, or Petroliam Nasional Berhad, said the deal with CNOOC Gas and Power Trading & Marketing Limited is for 2.2 million tonnes per annum over a 10-year period. "This long-term supply agreement also includes supply from LNG Canada when the facility commences its operations by the middle of the decade," Petronas said in a statement.