https://www.nst.com.my/business/corporate/2025/06/1232650/woodsid...

https://www.nst.com.my/business/corporate/2025/06/1232650/woodside-supply-10mil-tonnes-lng-malaysia-annually-15-years

KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) subsidiary Petronas LNG Ltd has signed a non-binding heads of agreement (HOA) with Woodside Energy for the supply of liquefied natural gas (LNG) to Malaysia.

In a statement, Petronas said Woodside will supply one million tonnes per annum of LNG to Malaysia from 2028 for a period of 15 years.

The LNG will be supplied from Woodside's global portfolio, and may include the recently approved Louisiana LNG project in the United States.

"The HOA reflects the shared ambition of both companies to formally commit to deepening cooperation across the LNG value chain, building a relationship of mutual trust, benefit and success," it said.

Woodside executive vice president and chief commercial officer Mark Abbotsford said this agreement marks the beginning of a new era of collaboration between the companies and is an important step towards what would be its first long-term LNG sales to Malaysia.

"It reflects the value global buyers see in Woodside's Louisiana LNG project and our reputation as a safe and a reliable supplier of energy to Asia," said Abbotsford.

The agreement is expected to support Petronas's efforts to ensure secure, flexible LNG supply to meet growing demand in Peninsular Malaysia and the broader Asia-Pacific region.

The parties are now working to convert the HOA into a sales and purchase agreement.