Shizuoka Gas : Signs LNG Sale and Purchase Agreement with PETRONAS

Published July 13, 2026 at 1:18 a.m. UTC

Source: MarketScreener

(From the left: Shamsairi M Ibrahim, Head, PETRONAS Representative Office-Japan; Ezran Mahadzir, Vice President, LNG Marketing and Trading, PETRONAS; Datuk Adif Zulkifli, Executive Vice President & CEO, Gas & Maritime Business, PETRONAS; Yoshitake Matsumoto, Representative Director and President, Shizuoka Gas; Shintaro Hashimoto, Operating Officer, Natural Resources and LNG Terminal Business Division, Shizuoka Gas; Rosdi Ab Rahman, Chief Executive Officer, PLL.)

PETRONAS is one of the world's leading LNG suppliers. Since receiving the first LNG cargo from PETRONAS at the Sodeshi LNG Terminal of Shimizu LNG Co., Ltd. in 1996, Shizuoka Gas has received more than 200 cargoes of Malaysian LNG over the past 30 years and has contributed to the expansion of natural gas utilization.

In recent years, amid heightened geopolitical risks, the importance of energy security has increased further. Under this SPA, LNG will be supplied from PETRONAS' global LNG portfolio. The new supply arrangement diversifies Shizuoka Gas' LNG portfolio and enhances procurement robustness through greater supply flexibility and reliability.

Based on the long-standing relationship of trust built over the past 30 years, Shizuoka Gas and PETRONAS aim to further strengthen the partnership beyond the traditional relationship between LNG seller and buyer by exploring future opportunities and collaboration in the field of carbon neutrality.

Shizuoka Gas Group announced its 2050 Carbon Neutral Vision in August 2021, outlining a roadmap toward carbon neutrality. Shizuoka Gas Group is committed to accelerating low carbonization through the stable procurement of LNG and realizing carbon neutrality together with its customers.

[Overview of the SPA]

Seller	PETRONAS LNG Ltd. (PLL), a subsidiary of PETRONAS
Buyer	Shizuoka Gas Co., Ltd. (Shizuoka Gas)
Date of Execution	July 9, 2026
Contract Period	FY2032 to FY2038 (7 years)
Contract Volume	Approximately 0.84 million metric tonnes (MMT)
Delivery Terms	DES (Delivered Ex Ship)
Supply Source	PETRONAS' global LNG portfolio

[Overview of Companies]

1．Petroliam Nasional Berhad

Company Name	Petroliam Nasional Berhad
Headquarters	Kuala Lumpur, Malaysia
Representative	Tengku Muhammad Taufik Tengku Aziz
Established	August 1974
Company Profile	As a progressive global energy and solutions partner, PETRONAS is driven by its purpose to enrich lives for a sustainable future. With presence in over 100 countries, the group continues expanding its portfolios ranging from conventional and cleaner energy solutions to a diverse range of fuel, lubricants and petrochemical products. While ensuring sustainable practices across its operations, PETRONAS strives to ensure just and equitable outcomes in transitioning to a lower carbon future.
Website	https://www.petronas.com

2．PETRONAS LNG Ltd.

Company Name	PETRONAS LNG Ltd.
Headquarters	Kuala Lumpur, Malaysia
Business Lines	LNG marketing and sales for the PETRONAS Group