As of June 10, 2026, PETRONAS and JERA signed a new long-term liquefied natural gas (LNG) supply agreement that will extend their partnership into the 2040s. Under the agreement, JERA will purchase up to 2 million tonnes of LNG annually for 20 years beginning in 2028. [1] The LNG will be supplied primarily from PETRONAS’ portfolio in Malaysia, strengthening a commercial relationship that has existed for more than four decades. The agreement builds on a partnership that began in 1983 and reflects continued cooperation between one of Asia’s largest LNG producers and Japan’s largest power generation company. It follows a memorandum of understanding signed in 2025 to expand collaboration across the LNG value chain. PETRONAS stated that the deal supports the evolution of LNG contracting toward greater flexibility, while maintaining long-term supply commitments that provide certainty for both suppliers and buyers. Both companies highlighted the role of LNG in supporting energy security and facilitating the energy transition. JERA noted that the agreement will enhance its ability to secure stable fuel supplies and respond to changing demand conditions, while PETRONAS emphasized the importance of reliable LNG supply for customers across Asia. The deal also reinforces Malaysia’s position as a major LNG exporter to Japan and underscores the continued importance of long-term LNG contracts in the region’s energy landscape.
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