Current Affairs - International - Discussion

Malaysia’s national oil and gas company, Petronas, signed a long-term agreement with JERA, one of the world’s largest LNG buyers, to supply liquefied natural gas for 20 years. Under the deal, Petronas will provide 2 million tons of LNG annually, with deliveries beginning in 2028. The agreement aims to strengthen Japan’s energy security and ensure a stable supply of natural gas. In addition to energy cooperation, both countries agreed to enhance bilateral trade using local currencies and collaborate in areas such as critical minerals, artificial intelligence, semiconductors, defence, and fertiliser feedstock supply chains.