Kuala Lumpur: Petronas, via its subsidiary Malaysia LNG Sdn Bhd (MLNG), has signed an agreement with Hokuriku Electric Power Co (HRE) to supply up to six cargoes of liquefied natural gas (LNG) per year to the latter for 10 years, beginning in March 2018.With the agreement, HRE would be the latest addition to MLNG's customer list, adding another milestone to Petronas' LNG business portfolio, said the national oil company in a statement here.Chairman Datuk Mohd Anuar Taib said the signing was a significant milestone in the relationship between MLNG and HRE.
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"We would like to thank HRE for placing their trust in Petronas to be a main LNG supplier for the 10 years beginning in 2018. We hope the agreement signed will continue to build and strengthen our new relationship," he added.MLNG was established in 1978 and operates the Petronas LNG Complex in Bintulu, one of the world's largest LNG complexes operating at a single site.
HRE is a power utility company in Japan responsible for the stable supply of electricity to Toyama Prefecture and surrounding regions.Apart from the Petronas LNG Complex in Bintulu, Petronas has embarked on new LNG projects in Malaysia and internationally as part of its continuous efforts to strengthen the security of supply to the country and increase its LNG supply portfolio for future global demand. – Bernama
