Petronas LNG Navigates Short-term Market Volatility, Ensures Reliable Delivery -- Ceo
By Zufazlin Baharuddin
KUALA LUMPUR, June 17 (Bernama) -- Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas LNG Ltd (PLL) will continue to navigate short-term market volatility through strong operational systems and risk management processes to ensure reliable delivery of liquefied natural gas (LNG) to its buyers.
Chief executive officer Ezran Mahadzir said the company also places strong emphasis on long-term partnerships with its buyers to weather these cycles and helps both parties manage risks and maintain supply security.
“Obviously, on price, we have to ensure that we have the right risk management processes in place. In a long-term contract, there will be times when prices are low and times when prices are high," he told Bernama during a media session on the sidelines of the Energy Asia 2025 today.
He said the national oil company maintains strong relationships between sellers and buyers, and this collaborative approach enables both parties to manage risks and uphold supply security, particularly during periods of volatility.
The company produces an average of 35 million to 40 million tonnes per annum (MTPA) of LNG with core operations anchored by the LNG complex in Bintulu, Sarawak, Ezran said.
In the long run, Ezran said Petronas LNG remains confident in sustaining global demand and continues to invest in a robust energy portfolio with a strong focus on preserving its reputation as a reliable energy supplier.
The company reaffirms its position as Southeast Asia’s trusted LNG partner with a clear focus on delivering reliable, flexible and sustainable energy solutions to enable the region’s energy transition and long-term development goals, he said.
-- BERNAMA