What is the significance of the LNG deal between Petronas and QatarEnergy?

The deal is significant as it aims to bolster Malaysia's liquefied natural gas supplies, addressing its dwindling domestic gas reserves and rising local demand.

What volume of LNG will QatarEnergy supply to Petronas?

QatarEnergy will supply up to 2 million metric tons per annum of liquefied natural gas to Petronas under the agreement.

When will Qatar's North Field expansion project boost LNG output?

The North Field expansion project is expected to produce its first LNG in the second half of 2026 and reach full production, boosting output by 85%, by 2027.

Home / Business and Economy / Malaysia Secures LNG Deal with QatarEnergy

Malaysia Secures LNG Deal with QatarEnergy

4 Feb

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Summary

Malaysia's Petronas to sign LNG supply deal with QatarEnergy.
The contract is for up to 2 million metric tons per annum of LNG.
Qatar's North Field expansion will boost output significantly by 2027.

Malaysia Secures LNG Deal with QatarEnergy

Malaysia's state-owned energy firm, Petronas, is set to sign a liquefied natural gas (LNG) supply agreement with QatarEnergy. This deal aims to bolster Malaysia's super-chilled fuel supplies as it grapples with diminishing domestic reserves and increasing local demand.

The contract reportedly involves up to 2 million metric tons per annum of LNG. This development comes as QatarEnergy prepares to significantly expand its LNG production capabilities. The nation's massive North Field expansion project is projected to commence production in the second half of 2026.