KUALA LUMPUR, 2 August 2026 (The Capital Post) – PETRONAS LNG Ltd. (PLL), a subsidiary of Petroliam Nasional Berhad (PETRONAS), has signed a Heads of Agreement (HOA) with Hokuriku Electric Power Company (Hokuriku Electric) to negotiate and conclude the renewal of a long-term Liquefied Natural Gas (LNG) supply agreement.
The agreement marks another milestone in the longstanding partnership between the two companies, reflecting years of mutual trust and confidence while reinforcing the strategic importance of their collaboration. Under the proposed renewal, PLL is expected to continue supplying up to 0.54 million tonnes per annum (MTPA) of LNG to Hokuriku Electric for a 10-year period beginning in 2028.
The HOA was signed in Kuala Lumpur on 14 July 2026 by PETRONAS LNG Ltd. Chief Executive Officer Rosdi Ab Rahman and Hokuriku Electric President Koji Matsuda.
On the same day, PETRONAS and Hokuriku Electric also signed a Memorandum of Understanding (MOU) to explore strategic collaboration on carbon-neutral initiatives.
The MOU outlines plans for both companies to jointly explore opportunities to strengthen the resilience of the LNG supply chain, advance the development of next-generation fuels such as hydrogen and ammonia, expand renewable energy initiatives, and pursue decarbonisation technologies including carbon capture and storage (CCS) as well as carbon capture, utilisation and storage (CCUS).
PETRONAS Executive Vice President and Chief Executive Officer of Gas & Maritime Business, Datuk Adif Zulkifli, said the company was honoured to continue its longstanding partnership with Hokuriku Electric.
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“The HOA reflects the strong trust and collaboration that have been cultivated between both companies over the years. As Hokuriku Electric’s sole LNG supplier, PETRONAS remains committed to delivering a reliable LNG supply while supporting the company’s energy security, operational resilience and energy transition journey.
“Beyond LNG, the MOU on carbon-neutral collaboration underscores our shared ambition to explore new opportunities that can create long-term value for both parties,” he said.
Since the commencement of the existing LNG Sale and Purchase Agreement in 2018, PLL has served as the sole LNG supplier to Hokuriku Electric, supporting operations at its LNG-fired power generation facilities at the Toyama-Shinko Thermal Power Station in Japan.
The proposed renewal is intended to ensure continuity of LNG supply beyond the current contract period while reinforcing PETRONAS’ position as a trusted long-term LNG supplier to Japanese buyers.
PETRONAS, which operates in more than 100 countries, continues to expand its portfolio across conventional and cleaner energy solutions while advancing sustainable practices and supporting a just and equitable transition towards a lower-carbon future. – The Capital Post.
