🍀Conclusion of Heads of Agreement regarding the New LNG Sale and Purchase Agreement with Malaysia LNG Sdn. Bhd.
Tokyo Gas Co., Ltd.
Tokyo Gas Co., Ltd. (President: Michiaki Hirose, hereafter “Tokyo Gas”) concluded with Malaysia
LNG Sdn. Bhd. (hereafter “Malaysia LNG”), a subsidiary of PETRONAS, a Heads of Agreement
regarding the new LNG sale and purchase agreement (hereinafter “the HoA”) today.
Tokyo Gas has been procuring LNG from the Malaysia Satu Project since 1983 and kept discussions
with Malaysia LNG on the new contract starting April 2018 as the current contract will expire at the
end of March 2018. As a result, the parties reached a conclusion of the HoA today.
Tokyo Gas and PETRONAS, through its subsidiary, Malaysia LNG, have established a solid
long-standing track record of successful LNG deliveries over a period of 35 years and further
cultivated a mutual trust through a joint study in envisioning the business growth of the parties
based on the Memorandum of Collaboration concluded in October 2016(*).