The signing was held at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2024, which took place from November 4th to 7th in Abu Dhabi.

The partnership further solidifies the trust in PETRONAS’ capabilities to deliver LNG to international markets, with a primary focus on customers in Japan.

Petroliam Nasional Berhad (PETRONAS) launched its first brand licensing initiative in partnership with SIM Distribuidora (SIM), that will operate three pilot fuel retail stations in Brazil.

The agreement is targeting at least 5 million tonnes per annum (mtpa) of CO2 capture and storage capacity by 2030.

The awarded PSCs encompass a portfolio of 12 fields, comprising oil and gas assets within the Malay basin in Peninsular Malaysia.

Capable of producing up to 550 million standard cubic feet per day (mmsfd), this project is poised to address the increasing global energy demand.

With the anticipated start-up of LNG Canada, PETRONAS recently named three new energy-efficient liquefied natural gas (LNG) vessels which were built primarily for deliveries from North America to its customers.

The MoU covers the scope of potential evacuation of production from Block SK405B through D35/D21/J4 Production Sharing Contract (PSC) facilities, Post 1976 Balingian PSC facilities and Bintulu Crude Oil Terminal operated by PETRONAS Carigali.

This achievement was the result of an intensified exploration programme pursued in the last few years, which saw the drilling of 25 wells.

The MoC covers potential collaborations in decarbonisation efforts, and the development of solutions in sustainable energy, Liquefied Natural Gas (LNG) and petrochemicals.