Petroliam Nasional Bhd said recently it had signed a deal to supply China National Offshore Oil Corp (CNOOC) one million tonnes per annum of liquefied natural gas.
Malaysia's state-owned Petronas did not specify the duration of the "long-term commitment" to CNOOC Gas and Power Singapore Trading and Marketing Pte Ltd.
The agreement strengthens "cooperation in LNG supply while supporting China's economic growth and national clean energy agenda, including the 'Dual Carbon' aspirations of peaking emissions before 2030 and achieving carbon neutrality by 2060", Petronas said in a statement on its website.
"With Asia’s rising demand for lower-carbon fuels, Petronas will continue to deliver LNG from its established portfolio to support customers’ evolving energy needs across the region", Petronas added.
Earlier this year Petronas and its partners began exporting from LNG Canada, which targets the Asian market.
