Petronas to expand LNG portfolio in China

Posted on : 16-04-2017 | By : sabah today | In : National Business

KUALA LUMPUR: 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.

In a statement today, its Vice President of LNG Marketing & Trading, Ahmad Adly Alias, said that a liaison office was 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 a reliable and innovative long term LNG solutions to meet China’s clean energy demand,” he said.

Petronas’ first LNG trade to China was in 2006 with a 25-year term supply to Shanghai LNG Co Ltd and expanded its market presence in China with the addition of term LNG customers in southern China.

SOURCE— BERNAMA

Post a comment