KUALA LUMPUR, 9 Oct 2019 – Petroliam Nasional Berhad (PETRONAS) through its subsidiary PETRONAS LNG Ltd. (PLL) has entered into a Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA) with Korea Midland Power Co., Ltd. (KOMIPO).
KOMIPO agreed to purchase approximately 0.24 million tonnes per annum of LNG from PLL on a Delivery Ex-Ship (DES) basis for 5 years, under the SPA beginning 2020.
“We are pleased to build a relationship with KOMIPO, one of South Korea’s largest power generation companies and increase our customer base in the region. This agreement demonstrates PLL’s growing capabilities to provide clean energy solutions as a partner for a sustainable future” said PETRONAS Vice President of LNG Marketing and Trading, Ahmad Adly Alias.
According to the President and CEO of KOMIPO, Hyung Koo Park, It is important for KOMIPO to build good business relations with PLL as it is one of the world’s leading suppliers of LNG and is recognized by the industry as the most reliable company.