Petroliam Nasional Bhd. (PETRONAS) and JERA Co., Inc. have reaffirmed one of Asia’s longest-standing Liquefied Natural Gas (LNG) partnerships, through the signing of a new long-term supply agreement, extending their collaboration into the 2040s.

Under the agreement, PETRONAS, through its wholly owned subsidiary PETRONAS LNG Ltd. (PLL), will supply up to approximately 2 million tonnes per annum (MTPA) of LNG over a 20-year period starting in 2028. This reinforces PETRONAS’ position as a core supplier to Japan, one of the world’s largest LNG importers.

The agreement deepens a relationship that dates to 1983, when Malaysia shipped its first LNG cargo to Japan—laying the foundation for a trusted energy partnership that remains central to Japan’s energy security.

The parties commemorated the agreement in Tokyo, attended by PETRONAS Executive Vice President and Chief Executive Officer of Gas and Maritime Business, Datuk Adif Zulkifli, and JERA Senior Managing Executive Officer and Chief Low Carbon Fuel Officer, Mr. Ryosuke Tsugaru.

The signing of this agreement signifies the transformation from traditional point-to-point LNG supply agreements to a more flexible LNG supply arrangement, which further underscores PETRONAS’ position as a reliable LNG supplier through the expansion of its supply capabilities.

LNG will be delivered using PETRONAS’ new generation of 174,000-cubic-meter LNG carriers, designed to comply with the International Maritime Organization’s enhanced emissions standards, supporting more efficient and lower-emission operations.

PETRONAS continues to advance its commercial approach, to meet Japan’s evolving requirements in line with the 7th Strategic Energy Plan to ensure stable energy supply, while improving economic efficiency, and environment priorities as demand evolves.

Datuk Adif Zulkifli said: “We value the strong partnership we have built with JERA over the decades, underpinned by mutual trust and a shared focus on reliability. We look forward to building on this foundation as we continue to support Japan’s evolving energy needs.

In an increasingly dynamic LNG market shaped by rising demand, supply security concerns, price volatility, and shifting consumption patterns, PETRONAS remains focused on delivering reliable, and tailored solutions, supporting our partners in strengthening energy security while advancing their transition ambitions.”

For PETRONAS, this long-term commitment reaffirms PETRONAS’ reputation as a trusted LNG partner to Japan, being one of Asia’s most vibrant gas markets. As Asia’s demand for cleaner energy continues to grow, PETRONAS remains committed to delivering reliable LNG from its global portfolio, supporting customers’ energy security today while enabling their pathways towards a lower-carbon future.

About Petronas

Petroliam Nasional Berhad (PETRONAS) is a global energy company committed to producing and delivering energy and solutions needed to advance society responsibly and sustainably.
As Malaysia’s national oil and gas company, we safeguard and manage the nation’s hydrocarbon resources. Our aim is to maximise value through our integrated business model to meet the energy needs of the nation and our customers across the globe. Our portfolio includes oil and gas, petrochemicals, petroleum products, as well as a range of cleaner energy solutions.

About JERA

JERA is a global energy leader and Japan’s largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the company produces one-third of Japan’s electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, including participation in upstream gas exploration and production, LNG projects, fuel procurement and transportation, and power generation globally.In support of a responsible energy transition, JERA aims to achieve net-zero CO₂ emissions from its domestic and overseas businesses by 2050.