Petronas and Mitsubishi have signed a new agreement to deliver liquefied natural gas (LNG) to international markets, with a primary focus on customers in Japan.

The agreement outlined Mitsubishi’s investment in the Malaysia LNG (MLNG) Dua and MLNG Tiga for the next decade with the extension of its 10% equity shareholding in MLNG Dua, and the reinvestment of a 10% equity shareholding in MLNG Tiga.

Petronas president and group chief executive officer, Tan Sri Tengku Muhammad Taufik says: ‘Petronas is honoured to mark a new chapter in our relationship with Mitsubishi. We look forward to the continued successes of MLNG Dua and MLNG Tiga, which have proven mutually beneficial for over 45 years.’

Mitsubishi president and chief executive officer, Katsuya Nakanishi adds: ‘Mitsubishi looks forward to providing continuous support in growing and nurturing access to global LNG market for Petronas’ future volumes with LNG being the fuel of choice in the age of energy transition.’