September 10, 2025 [Argus Media]- Australian independent Woodside Energy will sell 1mn t/yr of LNG to Malaysian state-owned energy producer Petronas for 15 years starting from 2028.
This would be the Australian oil and gas producer’s first long-term Malaysian sales contract.
The deal supports Petronas’ efforts to enhance energy security in Peninsular Malaysia by integrating upstream gas developments with LNG imports, the two companies said in a joint statement on 10 September.
Petronas and Woodside inked an initial agreement related to the deal in mid-June , on the sidelines of the Energy Asia 2025 conference in Kuala Lumpur.
Petronas had also announced at the conference it would build an LNG import terminal in Malaysia , with a capacity similar to the country’s existing 3.8mn t/yr Melaka and 3.5mn t/yr Pengerang terminals.
Woodside is not the only company planning to support Petronas’ import ambitions. US energy asset manager Kimmeridge announced a long-term, 1mn t/yr LNG sales agreement with Petronas earlier this year. US developer Venture Global did the same in early July, agreeing to sell the Malaysian firm 1mn t/yr of LNG for 20 years.
Petronas also produces gas at its own Malaysian fields. The company’s gas output reached 1.64mn b/d of oil equivalent in 2024, up 3.6pc on the year. It also started producing gas at its 75mn ft³/d Bindu gas field in late August.
