Gas
Petronas to supply 1 mmtpa of LNG to CNOOC
Long-term deal supports China’s Dual Carbon ambitions and reinforces PETRONAS’s role as a reliable LNG partner in Asia
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By ICN Bureau | December 27, 2025
Global energy giant PETRONAS, via its subsidiary PETRONAS LNG Ltd, has signed a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte Ltd for the supply of 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG).
The deal reinforces the long-standing partnership between the two energy giants, boosting LNG supply to support China’s economic growth and its clean energy agenda, including the country’s “Dual Carbon” goals of peaking emissions before 2030 and achieving carbon neutrality by 2060.
“This agreement marks an elevation of our relationship with CNOOC, advancing our shared commitment to energy security and a lower carbon future. Beyond supplying LNG, it reflects the continued development of our long-term partnership.
"PETRONAS remains committed to delivering reliable and cleaner LNG solutions, working with partners to advance shared energy transition goals,” said Shamsairi M Ibrahim, Vice President of PETRONAS LNG Marketing and Trading.
The long-term pact solidifies PETRONAS’ role as a trusted LNG partner in China, underscoring ongoing collaboration with CNOOC in one of Asia’s most dynamic gas markets.
With Asia’s demand for lower-carbon fuels on the rise, PETRONAS will continue supplying LNG from its established portfolio to meet evolving regional energy needs.
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