Malaysia’s Petronas set to tap Qatar for natural gas as local reserves dwindle

South China Morning PostCenter-RightEN 1 min read 100% complete by Reuters,BloombergFebruary 4, 2026 at 02:21 AM

AI Summary

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Malaysia's Petronas is reportedly finalizing a deal with QatarEnergy to secure up to 2 million tonnes of liquefied natural gas (LNG) annually. The agreement comes as Malaysia faces declining domestic gas reserves and increasing local demand. Petronas aims to secure long-term LNG import deals and is developing a third regasification plant to address the supply gap. Qatar, the world's second-largest LNG exporter, is expanding its North Field project, expecting to produce 126 million tonnes of LNG per annum by 2027. Petronas has recently signed LNG import deals with other energy firms to diversify its supply sources.

Key Entities & Roles

Key Player Opposition Context

ADNOC 40% Woodside Energy 40% Venture Global 40% Commonwealth LNG 40% North Field 50% United States 50% Qatar ×370% Malaysia ×280% QatarEnergy ×280% Petronas (Petroliam Nasional) ×590%

Keywords

petronas 100% qatarenergy 90% liquefied natural gas 90% lng supply deal 80% lng import deals 70% natural gas reserves 70% north field expansion 60% gas opportunities abroad 60% regasification plant 50% energy firms 40%

Sentiment Analysis

Neutral

Score: 0.10

Source Transparency

Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Malaysia

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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petronas qatarenergy liquefied natural gas lng supply deal lng import deals natural gas reserves north field expansion gas opportunities abroad regasification plant energy firms

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