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 vice president of LNG marketing and tradingAhmad Adly Alias said that a liaison office is in Beijing to facilitate LNG business growth in the country.
“Petronas has [a] 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 a reliable and innovative long-term LNG solutions to meet China’s clean energy demand,” he said.
The group’s first LNG trade to China was in 2006 with a 25-year term supply to Shanghai LNG Co.It has diversified its LNG supply portfolio in recent years with the addition of Australia Gladstone LNG and the floating LNG projects, offshore Sabah and Sarawak.