Petronas has made an agreement with Shenergy Group Company in China to ship three carbon-neutral liquefied natural gas (LNG) cargoes, the company said in a statement.
The company’s announcement further elaborated that the shipments will be sent from the Petronas LNG Complex (PLC) in Bintulu, Sarawak (in Malaysia) to Shenergy’s terminals in Shanghai, China between October 2021 and March 2022.
Commenting on the deal, PETRONAS Vice President of LNG Marketing & Trading Shamsairi Ibrahim said, “PETRONAS is proud to elevate our 15-year partnership with Shenergy that now includes the supply of carbon neutral LNG, reflecting our commitment in offering decarbonized LNG solutions to the market. As an integrated energy player, PETRONAS actively seeks collaborations with buyers and end-users to achieve common sustainability goals.”
For his part, Shenergy Vice President, Wang Zhehong said, “As a long-term LNG partner and consumer, we are excited to receive PETRONAS’ delivery of carbon neutral LNG to China that aligns with the country’s ambition of hitting peak carbon dioxide emissions by 2030. This is a meaningful milestone for both our companies in our respective endeavours to be more environmentally conscious and reducing our carbon footprints.”