Petronas’ LNG Supply Strategy Targets Growing Asian Demand

Petrobas’ LNG strategy is reflected in an HOA agreement with China’s Shenergy, under which the Malaysian oil and gas company will supply mid-sized LNG cargoes for 12 years.

One of the world’s largest producers of LNG, Petronas plans to spend 5% of its capex on renewable energy in 2020, signaling the Malaysian oil and gas company’s intent to remain a relevant player in the global energy transition…