Kuala Lumpur: Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas LNG Ltd (PLL), is committed to navigating short-term market volatility through robust operational systems and risk management practices to ensure the reliable delivery of liquefied natural gas (LNG) to its clients.
According to BERNAMA News Agency, Chief Executive Officer Ezran Mahadzir emphasized the importance of maintaining long-term partnerships with buyers to mitigate these cycles and help both parties manage risks while securing supply. He highlighted the necessity of having effective risk management processes in place to handle price fluctuations inherent in long-term contracts. Speaking during a media session at the Energy Asia 2025 event, Ezran underscored the strength of the relationships between sellers and buyers facilitated by the national oil company, which allows for collaborative risk management and supply security, especially during volatile periods.
Ezran noted that the company produces approximately 35 million to 40 million tonnes per annum (MTPA) of LNG, with its core operations centered at the LNG complex in Bintulu, Sarawak. He expressed confidence in Petronas LNG’s ability to sustain global demand over the long term and reaffirmed its commitment to investing in a comprehensive energy portfolio. This strategic focus supports its reputation as a reliable energy supplier.
He further stated that Petronas LNG asserts its role as Southeast Asia’s dependable LNG partner, with a clear focus on providing reliable, flexible, and sustainable energy solutions to support the region’s energy transition and long-term development objectives.