PETRONAS Signs MoU with CNPC for Integrated Sustainable Energy Solutions

PETRONAS and China National Petroleum Corporation (CNPC) signed a Memorandum of Understanding (MoU) at the CNPC International Cooperation Forum, a key event at the 7th China International Import Expo (CIIE). Coinciding with the 50th anniversary of Malaysia-China diplomatic relations, this collaboration not only serves as a testament to the enduring friendship between the two nations but also represents a significant milestone as both sides join forces to propel the energy industry towards high-quality, sustainable development.

The MoU for strategic partnership will strengthen collaboration, among others, in the upstream exploration and production of oil and gas internationally, as well as the liquefied natural gas (LNG) value chain. The MoU will also focus on innovative ventures in cutting-edge fields such as specialty chemicals, renewable energy, green hydrogen technology, and carbon capture utilisation and storage (CCS). Additionally, the two parties aim to establish an open communication platform to facilitate the exchange of knowledge, insights, and best practices, driving energy transition and taking more substantial steps towards sustainable energy development in the region.

Over the years, PETRONAS has provided China with a stable energy supply, including liquefied natural gas, petrochemical products, crude oil, petroleum products, and lubricants. By strengthening its cooperation with Chinese energy companies, PETRONAS has supported the transformation and upgrading of China's energy sector, contributing to the nation's economic prosperity and development.