QatarEnergy and Petronas in historic deal
The Middle Eastern gas giant and Asian energy heavyweight ink a 20-year landmark LNG agreement at LNG2026 in a significant step towards strengthening global energy partnership
QatarEnergy and Petronas have signed a landmark 20-year sales-and-purchase agreement (SPA) for the supply of LNG to Malaysia. The agreement, announced during a special ceremony in Doha on the sidelines of LNG2026, marks the first long term LNG deal between the two energy powerhouses. Under the terms of the SPA, QatarEnergy will deliver 2mt/yr of LNG to Malaysia beginning in 2028. The deal was formalised by His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, and President and CEO of QatarEnergy, with Petronas President and Group CEO Tengku Muhammad Taufik. This deal represents more than just a commercial transaction; it underscores the deepening relationship between Qa
Also in this section
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season






