April 30, 2026 [Reuters]- Malaysia’s state energy firm Petronas said it has signed definitive agreements ​with Japan’s ENEOS Xplora to formalise ‌ENEOS’ re-entry into Malaysia LNG Tiga (MLNG Tiga), its Sarawak-based liquefied natural gas joint venture.

ENEOS will hold a ​10% equity stake in MLNG Tiga ​for the next decade, subject to the ⁠fulfilment of certain closing conditions, Petronas ​said in a statement on Thursday.

• The previous MLNG ​Tiga Joint Venture Agreement expired in 2023.
• The re-entry of ENEOS into MLNG Tiga “reflects shared confidence in the ​asset’s resilience and long-term role within Asia’s ​LNG landscape,” said Adif Zulkifli, executive vice president of ‌Petronas ⁠and chief executive officer of its gas and maritime business.
• “It also reinforces Petronas’ focus on building a reliable LNG system that ​continues to deliver ​value ⁠to customers and partners, particularly in important markets such as Japan,” ​he said.
• ENEOS Xplora’s representative director and ​president ⁠Yasuhiko Oshida was quoted as saying that they were pleased to participate in the project ⁠again, ​as MLNG Tiga has steadily ​supplied LNG to Japanese buyers since commencing operations in ​2003.