17-06-2025
PETRONAS, Commonwealth LNG ink 20-year deal for sustainable LNG
CEO of PETRONAS LNG Ltd Ezran Mahadzir (left) and president and CEO of Commonwealth LNG Farhad Ahrabi during a document exchange ceremony on the sidelines of Energy Asia 2025
KUALA LUMPUR: PETRONAS via its subsidiary PETRONAS LNG Ltd has entered into a 20-year contract to purchase liquefied natural gas (LNG) from Commonwealth LNG, LLC.
In a statement, PETRONAS said the deal marked a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States.
Under the MoU, PETRONAS is purchasing one million tonnes per annum (MTPA) LNG from Commonwealth LNG for a period of 20 years from Commonwealth's 9.5 mtpa facility currently under development in Cameron, Louisiana.
"This agreement underscores PETRONAS' commitment to fostering global partnerships that ensure reliable, sustainable and long-term LNG supply for our customers. Collaborating with Commonwealth LNG will expand our supply node and strengthen our presence in the global LNG market," said PETRONAS vice-president of LNG Market and Trading Shamsairi M Ibrahim.
Farhad Ahrabi, president and CEO at Commonwealth LNG said: "We're pleased to establish this partnership and proud that Commonwealth LNG has been invited to help extend PETRONAS' successful history of more than a half-century in serving global energy needs."
PETRONAS added that the collaboration signifies a key step towards a shared ambition to deliver sustainable energy solutions advancing strategic energy collaboration, contributing to regional energy security and reinforcing Commonwealth LNG's role as a reliable player in the global LNG landscape.
