The long-term LNG supply partnership between Petronas and JERA reflects international confidence in Malaysia as a stable energy supplier.
IPOH: The long-term liquefied natural gas (LNG) supply partnership between Petroliam Nasional Berhad (Petronas) and JERA Co Inc (JERA) demonstrates the international community’s continued confidence in Malaysia as a stable and competitive energy supplier.
Political secretary to the Finance Minister, Muhammad Kamil Abdul Munim, said the agreement also reflects the strength of the long-standing trade relationship between Malaysia and Japan, particularly in the petroleum industry.
“This development is very positive because, amid the current uncertainty in the global market, Malaysia continues to be among the countries of choice for many nations seeking energy supplies.
“As for this collaboration between Malaysia and Japan, we agreed to work with JERA because we have maintained trade relations in the petroleum industry with Japanese companies since the early days of Petronas’ establishment,” he said.
He told reporters this after officiating the 2026 Academic Excellence Awards ceremony at Sekolah Menengah Kebangsaan (SMK) Tanjong Rambutan here today.
Last Wednesday, Petronas announced that it will supply LNG to JERA for 20 years beginning in 2028 under a new long-term agreement.
Muhammad Kamil said the agreement would not only strengthen the strategic relationship between Malaysia and Japan in the energy sector, but is also expected to have a positive impact on the national economy.
According to him, revenue generated from the LNG supply arrangement would contribute to higher profits for Petronas and, in turn, increase dividend payments to the government.
“Profits from Petronas’ LNG supply operations will contribute to dividend returns to the government, thereby boosting national revenue that can be utilised to implement various development programmes for the well-being of the people,” he said
