KUALA LUMPUR: Malaysian state energy firm Petroliam Nasional Berhad, or Petronas, said on Thursday it has signed its first term agreement to supply liquefied natural gas (LNG) in India.
Petronas has signed a sale and purchase agreement to supply LNG to H-Energy Mideast DMCC (HEMD), it said in a statement. The value of the deal and the volume of LNG were not disclosed.
Dubai-based HEMD is part of the LNG arm of Indian real estate group Hiranandani Group. Earlier this month, an Indian government official said India’s push to more than double the share of natural gas in its energy mix to 15 percent by 2022 will require a huge increase in imports and the construction of more LNG terminals.
