QatarEnergy Signs 20-Year LNG Deal with Petronas for 2M Tons/Year

QatarEnergy signed a 20-year liquefied natural gas supply agreement with Malaysia's state-owned Petronas on Wednesday, committing to deliver 2 million metric tons per annum to help meet the Southeast Asian nation's growing energy needs.

The deal, announced at the LNG2026 conference in Doha, marks the first long-term supply arrangement between the two companies. It follows a similar 27-year pact QatarEnergy finalized last week with Japan's Jera, under which the utility will purchase about 3 million tons annually starting in 2028. Officials from both Petronas and QatarEnergy described the agreement as a step toward strengthening bilateral energy ties amid shifting global demand.

For Malaysia, the contract addresses rising domestic consumption driven by expanding power needs, including from data centers, at a time when local gas reserves are declining. Petronas, the world's fifth-largest liquefied natural gas exporter, has pursued multiple import strategies in recent years. The company has secured deals with suppliers such as Woodside Energy, Commonwealth LNG, Venture Global and ADNOC. It is also developing a third regasification terminal to handle increased imports and boost...