PETRONAS (Petroliam Nasional Berhad) is a Malaysian multinational oil and gas company established in 1974, wholly owned by the Government of Malaysia. Entrusted with the responsibility of developing and adding value to the nation's oil and gas resources, PETRONAS has grown into a fully integrated energy corporation with a presence in over 100 countries. The company's operations encompass the entire spectrum of the oil and gas value chain, including exploration, development, production, refining, marketing, and distribution of petroleum products, as well as petrochemical manufacturing. Committed to sustainability, PETRONAS aims to play a key role in the energy transition by focusing on energy security and delivering energy solutions responsibly.
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.
The MoC covers potential collaborations in decarbonisation efforts, and the development of solutions in sustainable energy, Liquefied Natural Gas (LNG) and petrochemicals.