Petronas LNG, which is a subsidiary of the state-owned oil and gas heavyweight Petronas of Malaysia, and CNOOC Gas and Power Singapore Trading & Marketing, which is an affiliate of China National Offshore Oil Corporation – CNOOC, the Chinese state-owned oil and gas giant
have gone on to expand their present relationship through striking a liquefied natural gas – LNG deal, which is said to support the dual carbon ambitions of China and also reinforce the role of the Malaysian firm as being a dependable LNG partner in Asia.
Through entering into a sale and purchase agreement – SPA, both Petronas and CNOOC when it comes to the supply of 1.0 million tonnes per annum – mtpa of LNG, will strengthen the cooperation when it comes to LNG supply while at the same time supporting economic growth of China along with its national clean energy agenda, which includes the dual carbon aspirations of peaking emissions before the end of this decade and attaining carbon neutrality by 2060.
The Vice President of PETRONAS LNG Marketing and Trading, Shamsairi M. Ibrahim, went on to say that this agreement indeed marks an elevation of Petronas and CNOOC relationship, hence advancing their shared commitment to energy security and also a lower carbon future.
Apart from supplying LNG, it also reflects the consistent development when it comes to their long-term partnership. Petronas, notably, remains committed so as to deliver dependable and cleaner LNG solutions, working along with partners in order to advance shared energy transition objectives.
The fact is that with the rising demand for lower-carbon fuels in Asia, the Malaysian firm looks forward to continuing to roll out LNG from its portfolio in order to support the evolving energy requirements of the customers across the region.
Petronas, apparently, has also been pretty active across other locations which include Suriname, where a declaration of commerciality – DoC of the Sloanea field within Block 52 was revealed in November 2025.
This indeed goes on to reaffirm the project’s readiness in order to progress right from discovery to development, all subject to the final investment decision – FID
CNOOC has also been pretty busy in 2025, bringing projects online as well as exploring the hydrocarbon potential of the offshore acreage in China, which recently led to a fresh oilfield find within the Bohai Sea.
