Petronas to expand LNG business in China

GUANGZHOU: Petroliam Nasional Bhd (Petronas) is set to expand its liquefied natural gas (LNG) business in China, extending its reach to the country’s southern region while looking to expand the volume of supply to its existing buyers.
Petronas LNG Marketing & Trading vice-president Ahmad Adly Alias said that a liaison office is in Beijing to facilitate LNG business growth in the country.
“Petronas has strong relationship with China in the LNG trade and the prospect for further growth is strong. As an integrated LNG solution provider, the company is in the best position to deliver reliable and innovative long term LNG solutions to meet China’s clean energy demand,” he said.
Ahmad Adly was speaking at a recent business reception in Guangzhou, hosted by Petronas’ subsidiary, Petronas LNG Ltd (PLL). PLL’s new CEO Ezhar Yazid Jaafar was introduced to about 70 potential partners at the event.
Petronas’ first LNG trade to China was in 2006 with a 25-year term supply to Shanghai LNG Company Ltd.
Petronas Group has also diversified its LNG supply portfolio with the addition of Australia Gladstone LNG and the upcoming Floating LNG projects in Sabah and Sarawak.