WORLD 2021
Part 40: China | Petroliam Nasional Bhd (Petronas)
Petronas secures US$7b 10-year LNG supply deal from CNOOC
Tan Siew Mung July 07, 2021 15:13 pm +08
Quote:
KUALA LUMPUR (July 7): Petronas LNG Ltd (PLL), a subsidiary of Petroliam Nasional Bhd (Petronas), has secured a 10-year term deal worth US$7 billion to supply liquefied natural gas (LNG) to CNOOC Gas and Power Trading & Marketing Ltd, a subsidiary of China National Offshore Oil Corporation (CNOOC).
Petronas said in a statement today the deal is for 2.2 million tonnes per annum (MTPA) for a 10-year period, indexed to a combination of the Brent and Alberta Energy Company (AECO) indices.
The term deal between Petronas and CNOOC is valued at approximately US$7 billion over ten years, it added.
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https://www.theedgemarkets.com/artic...ply-deal-cnooc