Japan Welcomes Petronas LNG Deal

The Japan Gas Association welcomed the government's first emergency liquefied natural gas procurement deal with Malaysia's Petronas. Officials hope similar agreements will follow to secure energy supplies.

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FILE PHOTO: The logo of Malaysian energy group PETRONAS is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo

Japan has secured its first emergency liquefied Natural Gas supply pact with Malaysia, drawing praise from utility executives on Wednesday. The master sales agreement allows state-backed buyers to step in during fuel shortages.

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