PETRONAS and Hokuriku Electric Strengthen Long-Term LNG Partnership, Advance Carbon-Neutral Collaboration

^{Memorandum of Understanding (MOU) Signing 
From left : Ezran Mahadzir, Vice President, LNG Marketing and Trading, PETRONAS; Tan Sri Tengku Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS; Datuk Adif Zulkifli, Executive Vice President & Chief Executive Officer, Gas & Maritime Business, PETRONAS; Koji Matsuda, Representative Director & President, Hokuriku Electric; Hisayoshi Sakai, Senior General Manager of Power Trading & Fuel Department, Hokuriku Electric and  Shamsairi M Ibrahim, Head of PETRONAS Representative Office – Japan.}  


KUALA LUMPUR, July 29 (Bernama) -- 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) for the parties to negotiate and conclude the renewal of a long-term Liquefied Natural Gas (LNG) supply agreement.

The HOA marks another milestone in the longstanding partnership between PETRONAS and Hokuriku Electric. It reflects the mutual confidence built over the years and underscores the continued trust, reliability and strategic importance of the PETRONAS–Hokuriku Electric relationship. PLL is expected to continue supplying up to 0.54 MTPA of LNG to Hokuriku Electric for a ten-year period from 2028.  

The HOA was signed in Kuala Lumpur on 14 July 2026 by the Chief Executive Officer of PETRONAS LNG Ltd., Mr. Rosdi Ab Rahman, and President of Hokuriku Electric, Mr. 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 reflects both parties' shared ambition to build a more resilient LNG supply chain, explore next-generation fuels including hydrogen and ammonia, renewable energy, and decarbonisation technologies such as carbon capture and storage (CCS), and carbon capture utilisation and storage (CCUS).

Together, the HOA and MOU mark the continuation and expansion of a partnership that extends beyond LNG, built on supply reliability, operational collaboration and mutual trust. It also underscores both companies’ shared commitment to advancing practical and collaborative pathways towards a lower-carbon future.

PETRONAS Executive Vice President and CEO of Gas & Maritime Business, Datuk Adif Zulkifli said, “PETRONAS is honoured to continue our enduring partnership with Hokuriku Electric. 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 continue delivering reliable LNG supply while supporting Hokuriku Electric’s energy security, operational resilience and 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 been the sole supplier of LNG to Hokuriku Electric, supporting the operations of its LNG-fired power generation facilities located in Toyama-Shinko Thermal Power Station. The HOA is intended to support the continuity of supply beyond the current contract period and further strengthens PETRONAS’ position as a trusted long-term LNG partner to Japanese buyers.

About Petroliam Nasional Berhad (PETRONAS)

As a progressive global energy and solutions partner, PETRONAS is driven by its purpose to enrich lives for a sustainable future. With presence in over 100 countries, the group continues expanding its portfolios ranging from conventional and cleaner energy solutions to a diverse range of fuel, lubricants and petrochemical products. While ensuring sustainable practices across its operations, PETRONAS strives to ensure just and equitable outcomes in transitioning to a lower carbon future.
 
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Please find caption for the photos below: 

PHOTO 1
Memorandum of Understanding (MOU) Signing 
From left : Ezran Mahadzir, Vice President, LNG Marketing and Trading, PETRONAS; Tan Sri Tengku Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS; Datuk Adif Zulkifli, Executive Vice President & Chief Executive Officer, Gas & Maritime Business, PETRONAS; Koji Matsuda, Representative Director & President, Hokuriku Electric; Hisayoshi Sakai, Senior General Manager of Power Trading & Fuel Department, Hokuriku Electric and  Shamsairi M Ibrahim, Head of PETRONAS Representative Office – Japan.  
 
PHOTO 2
Heads of Agreement (HOA) Signing 
From left : Datuk Adif Zulkifli, Executive Vice President & Chief Executive Officer, Gas & Maritime Business, PETRONAS; Tan Sri Tengku Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS; Rosdi Ab Rahman, Chief Executive Officer of PETRONAS LNG Ltd;  Koji Matsuda, Representative Director & President, Hokuriku Electric; Hisayoshi Sakai, Senior General Manager of Power Trading & Fuel Department, Hokuriku Electric and Ezran Mahadzir, Vice President, LNG Marketing and Trading, PETRONAS.


SOURCE: Petroliam Nasional Berhad (PETRONAS)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Nabil Basaruddin
Email: nabil.basaruddin@petronas.com 
Tel: +6012 424 9750

Name: Hana Nazsulaeeqa Harun
Email: hananazsulaeeqa.haru@petronas.com.my 
Tel: +6010 455 3378 

--BERNAMA