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 said, “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 said, “As a long-term LNG partner and consumer, we are excited to receive 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.

About Petronas

Established in 1974, Petroliam Nasional Berhad (PETRONAS) is a global energy and solutions company, ranked amongst the largest corporations on Fortune Global 500®️. As an integrated global LNG producer with over 37 years of experience, PETRONAS provides an uninterrupted supply of LNG to more than 25 countries around the world. PETRONAS has safely delivered more than 11,000 cargoes globally, sourced from its portfolio of facilities located in Malaysia, Australia and Egypt. PETRONAS is also the first global energy player to introduce the floating LNG concept in 2016, the PFLNG SATU, and introduced its deep-water FLNG, the PFLNG DUA, in 2021.