Mitsubishi Corp. partners with Petronas to deliver LNG

The signatories of the agreements were Petronas President and Group Chief Executive Officer, Tan Sri Tengku Muhammad Taufik and Mitsubishi Corp. President and Chief Executive Officer, Katsuya Nakanishi.

The agreements outlined Mitsubishi’s investment in the Malaysia LNG (MLNG) Dua and MLNG Tiga for the next decade with the extension of its 10% equity shareholding in MLNG Dua, and the reinvestment of a 10% equity shareholding in MLNG Tiga. The agreements mark the continued participation of Mitsubishi in the two ventures, along with associated marketing activities and deliveries of LNG from Bintulu to Japan.

Tan Sri Tengku Muhammad Taufik said: “Together with Mitsubishi Corporation and the support of the Sarawak State Government, Petronas remains fully committed to ensuring the safe and reliable supply of LNG to fuel the economies of Malaysia, Japan and our customers around the globe towards a sustainable, lower-carbon future."

Katsuya Nakanishi said: “Mitsubishi Corporation looks forward to providing continuous support in growing and nurturing access to global LNG market for Petronas’ future volumes with LNG being the fuel of choice in the age of energy transition.”

Read the article online at: https://www.tanksterminals.com/storage-tanks/02102024/mitsubishi-corp-partners-with-petronas-to-deliver-lng/