“Japan’s JERA has signed a supply contract for the supply of liquefied natural gas with Malaysia’s state major Petronas for a period of 20 years, starting in 2028.”
“The Petronas deal is for 2 million tons of liquefied gas annually, adding to earlier supply deals agreed by JERA. The company, which is the largest buyer of liquefied natural gas in the world, last year presented plans to triple its purchases from the United States alone to as much as 5.5 million tons annually. That would have been a 10% increase on its current imports from the U.S., making up a third of its total LNG purchases.”
“As for Malaysia, it is Japan’s second-largest supplier of liquefied natural gas after Australia, contributing 15% of the country’s total LNG imports, Reuters reported earlier in the day. Japan’s energy demand is currently on the rise despite prices, as summer temperatures drive demand for air-conditioning. Per Reuters, the country may face an LNG crunch unless it manages to secure supply, or boost coal generation further.”
See also: Japan and Malaysia pledge to shore up critical mineral and security ties
“The two sides signed five memorandums of understanding covering areas such as energy security, maritime safety and environmental sustainability. Under the Japan-led POWERR Asia initiative, the two sides agreed to ensure the security of energy resources, including LNG and raw materials for fertilizers.”
“At the news conference, Anwar told reporters that the two sides had concluded a long-term LNG agreement under which Malaysia will supply 2 million tons of LNG to Japan annually for 20 years from 2028.”
https://www.japantimes.co.jp/news/2026/06/10/japan/politics/japan-malaysia-takaichi-anwar/