Malaysia’s state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) and Japan’s power generation company JERA have agreed to expand their collaboration for sustainable energy.
Petronas said in a statement on Tuesday that the duo have expanded their partnership across the gas value chain with the signing of a memorandum of understanding (MoU) including providing reliable liquefied natural gas (LNG) supply for Japan.
The agreement builds upon Petronas and JERA’s long-established partnership since 1983.
Petronas has been delivering LNG to Japan for over four decades and is committed to continue meeting customer needs with reliable delivery of LNG.
JERA has been purchasing LNG from Malaysia and other countries and securing stable energy supply for the customers.
As long-term partners, Petronas and JERA are mutually committed to meet market demands with lower-carbon energy solutions.
The companies will continue to explore initiatives aligned with this shared goal as part of both organization’s broader decarbonization strategy.