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Petronas News
MITSUBISHI CORPORATION STRENGTHENS PARTNERSHIP WITH PETRONAS
The partnership further solidifies the trust in PETRONAS’ capabilities to deliver LNG to international markets, with a primary focus on customers in Japan.
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Aerial view of the PETRONAS LNG Complex in Bintulu, Sarawak
PETRONAS and Mitsubishi Corporation have strengthened their 46-year partnership with the signing of new agreements, further solidifying the trust in PETRONAS’ capabilities to deliver Liquefied Natural Gas (LNG) to international markets, with a primary focus on customers in Japan. This collaboration underscores the commitment of both parties to ensuring energy security and their shared ambition for a lower-carbon future.
The signatories of the agreements were PETRONAS President and Group Chief Executive Officer, Tan Sri Tengku Muhammad Taufik and Mitsubishi Corporation President and Chief Executive Officer, Katsuya Nakanishi.
The agreements outlined Mitsubishi Corporation’s investment in the Malaysia LNG (“MLNG”) Dua and MLNG Tiga for the next decade with the extension of its 10 per cent equity shareholding in MLNG Dua, and the reinvestment of a 10 per cent equity shareholding in MLNG Tiga. The agreements mark the continued participation of Mitsubishi Corporation in the two ventures, along with associated marketing activities and deliveries of LNG from Bintulu to Japan.
From left: Mr. Masaru Saito, Executive Vice President, Group CEO, Environmental Energy Group, Mitsubishi Corporation – Ms. Marina Md Taib, Senior Vice President Corporate Strategy, PETRONAS – Mr. Katsuya Nakanishi, President & CEO, Mitsubishi Corporation – Tan Sri Tengku Muhammad Taufik, President & Group CEO, PETRONAS – Mr. Gen Kunihiro, Division Chief Operating Officer, LNG Asia-Pacific Division, Environmental Energy Group, Mitsubishi Corporation – Mr. Tetsutaroh Moriyama, Managing Director Diamond Gas Holdings Sdn. Bhd. – a fully-owned subsidiary of Mitsubishi Corporation. at the recent signing ceremony between PETRONAS and Mitsubishi Corporation.
The PETRONAS LNG complex, through partnerships and alongside Mitsubishi Corporation, commenced LNG supply to long-term Japanese contract buyers since 1983. PETRONAS LNG Complex comprises four joint ventures: MLNG, MLNG Dua, MLNG Tiga and PETRONAS LNG 9 with a combined production capacity of 29.3 Million Tonnes Per Annum (MTPA), making it one of the world’s largest LNG facilities in a single location. PETRONAS LNG Complex is among the main LNG suppliers, providing lower-carbon energy solutions to a diverse range of public and private sector customers in Japan.
Besides its main business of natural gas in Malaysia, Mitsubishi Corporation has also participated in ten gas upstream blocks in Sarawak and expanded its areas of investment in Malaysia to automobile, food, petrochemicals, metal and steel, bringing the company’s total investment amount into the country to approximately RM5 billion last year.
PETRONAS and Mitsubishi Corporation have strengthened their 46-year partnership with the signing of new agreements, further solidifying the trust in PETRONAS’ capabilities to deliver Liquefied Natural Gas (LNG) to international markets, with a primary focus on customers in Japan. This collaboration underscores the commitment of both parties to ensuring energy security and their shared ambition for a lower-carbon future.
The signatories of the agreements were PETRONAS President and Group Chief Executive Officer, Tan Sri Tengku Muhammad Taufik and Mitsubishi Corporation President and Chief Executive Officer, Katsuya Nakanishi.
The agreements outlined Mitsubishi Corporation’s investment in the Malaysia LNG (“MLNG”) Dua and MLNG Tiga for the next decade with the extension of its 10 per cent equity shareholding in MLNG Dua, and the reinvestment of a 10 per cent equity shareholding in MLNG Tiga. The agreements mark the continued participation of Mitsubishi Corporation in the two ventures, along with associated marketing activities and deliveries of LNG from Bintulu to Japan.
From left: Mr. Masaru Saito, Executive Vice President, Group CEO, Environmental Energy Group, Mitsubishi Corporation – Ms. Marina Md Taib, Senior Vice President Corporate Strategy, PETRONAS – Mr. Katsuya Nakanishi, President & CEO, Mitsubishi Corporation – Tan Sri Tengku Muhammad Taufik, President & Group CEO, PETRONAS – Mr. Gen Kunihiro, Division Chief Operating Officer, LNG Asia-Pacific Division, Environmental Energy Group, Mitsubishi Corporation – Mr. Tetsutaroh Moriyama, Managing Director Diamond Gas Holdings Sdn. Bhd. – a fully-owned subsidiary of Mitsubishi Corporation. at the recent signing ceremony between PETRONAS and Mitsubishi Corporation.
The PETRONAS LNG complex, through partnerships and alongside Mitsubishi Corporation, commenced LNG supply to long-term Japanese contract buyers since 1983. PETRONAS LNG Complex comprises four joint ventures: MLNG, MLNG Dua, MLNG Tiga and PETRONAS LNG 9 with a combined production capacity of 29.3 Million Tonnes Per Annum (MTPA), making it one of the world’s largest LNG facilities in a single location. PETRONAS LNG Complex is among the main LNG suppliers, providing lower-carbon energy solutions to a diverse range of public and private sector customers in Japan.
Besides its main business of natural gas in Malaysia, Mitsubishi Corporation has also participated in ten gas upstream blocks in Sarawak and expanded its areas of investment in Malaysia to automobile, food, petrochemicals, metal and steel, bringing the company’s total investment amount into the country to approximately RM5 billion last year.
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