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    Petronas Signs LNG Supply Contracts With Taiwan's CPC

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Summary

Petronas’ subsidiaries Malaysia LNG Sdn Bhd (MLNG) and Petronas LNG Limited (PLL) have signed two contracts to supply CPC Corporation of Taiwan with a total of up to 2.6 million tonnes per year (mtpa) of liquefied natural gas (LNG), for a period of six years.

by: shardul

Posted in:

Asia/Oceania

Petronas Signs LNG Supply Contracts With Taiwan's CPC

Petronas’ subsidiaries Malaysia LNG Sdn Bhd (MLNG) and Petronas LNG Limited (PLL) have signed two contracts to supply CPC Corporation of Taiwan with a total of up to 2.6 million tonnes per year (mtpa) of liquefied natural gas (LNG), for a period of six years.

Delivery is scheduled from the second quarter of 2014 and 2015 respectively, Petronas said in a statement Thursday.

“Petronas began its LNG supply to CPC in 1995 through a 20-year contract for an annual supply of 2.25 million tonnes of LNG. The signing of the new contracts today is expected to further strengthen the ties between the two companies,” the company said.

MLNG operates the Petronas LNG Complex in Bintulu, one of the world’s largest LNG complexes operating on a single site. PLL is a global LNG trading arm for Petronas.

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