Signing of Memorandum of Cooperation with Malaysia's Petronas
JOGMEC signed a Memorandum of Cooperation with Malaysia's Petronas on March 27, 2026, to expand their partnership. The agreement secures stable LNG supply and advances collaboration in decarbonization areas such as CCS, hydrogen, and greenhouse gas emission reduction.
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- 📰 Published: April 7, 2026 at 00:02
- 🔍 Collected: April 6, 2026 at 15:30
- 🤖 AI Analyzed: April 21, 2026 at 01:44 (346h 14m after Collected)
On March 27, 2026, JOGMEC (Headquarters: Minato-ku, Tokyo; Chairman & CEO: Ichiro Takahara) signed a Memorandum of Cooperation (MoC) with Malaysia's state-owned energy company, Petroliam Nasional Berhad (hereinafter 'Petronas').
Malaysia is a major energy-producing country in Southeast Asia and has long supported the global market as a worldwide supplier, particularly in the field of liquefied natural gas (LNG). Among them, the country's state-owned petroleum company, Petronas, has been positioned as a highly reliable LNG supplier to Japan since the 1980s. Currently, Malaysia is the second-largest destination for Japan's LNG imports, making it an extremely vital partner for Japan's energy security. In addition, towards achieving net-zero emissions by 2050, Petronas plays a central role in discussions on the energy transition in the Asian region, not just in LNG. The company's initiatives contribute to achieving both decarbonization and a stable energy supply for Japan.
JOGMEC and Petronas signed a memorandum of cooperation regarding carbon neutrality in March 2023 and have been actively advancing discussions on CCS, hydrogen, and other related fields. Specifically, in October 2023, together with the Ministry of Economy, Trade and Industry (METI), they signed a bilateral memorandum of cooperation on cross-border CO2 transport and storage, accelerating these discussions. In October 2024, aiming to reduce emissions of methane—which has a greenhouse effect about 28 times that of carbon dioxide—they announced a collaboration with Petronas to establish an ASEAN methane emission management demonstration facility.
The MoC signed this time is positioned as a new framework updating the memorandum signed in March 2023. It further expands traditional areas of cooperation by ensuring the stable supply of LNG, cooperating in fields such as CCS and hydrogen, and strengthening collaboration in greenhouse gas emission reduction management within the energy supply chain, thereby enhancing the strategic partnership between the two organizations.
Based on initiatives led by the Japanese government such as the Asia Zero Emission Community (AZEC) concept and the Asia Energy Transition Initiative (AETI), JOGMEC will continue to contribute to the improvement of Japan's energy security, as well as the sustainable economic development and realization of carbon neutrality in Malaysia and the broader Asian region.
[Reference Image Caption: MoC Signing Ceremony (Second from left: YM Tan Sri Tengku Muhammad Taufik, President and CEO of Petronas Group; Second from right: Ichiro Takahara, Chairman of JOGMEC)]
Malaysia is a major energy-producing country in Southeast Asia and has long supported the global market as a worldwide supplier, particularly in the field of liquefied natural gas (LNG). Among them, the country's state-owned petroleum company, Petronas, has been positioned as a highly reliable LNG supplier to Japan since the 1980s. Currently, Malaysia is the second-largest destination for Japan's LNG imports, making it an extremely vital partner for Japan's energy security. In addition, towards achieving net-zero emissions by 2050, Petronas plays a central role in discussions on the energy transition in the Asian region, not just in LNG. The company's initiatives contribute to achieving both decarbonization and a stable energy supply for Japan.
JOGMEC and Petronas signed a memorandum of cooperation regarding carbon neutrality in March 2023 and have been actively advancing discussions on CCS, hydrogen, and other related fields. Specifically, in October 2023, together with the Ministry of Economy, Trade and Industry (METI), they signed a bilateral memorandum of cooperation on cross-border CO2 transport and storage, accelerating these discussions. In October 2024, aiming to reduce emissions of methane—which has a greenhouse effect about 28 times that of carbon dioxide—they announced a collaboration with Petronas to establish an ASEAN methane emission management demonstration facility.
The MoC signed this time is positioned as a new framework updating the memorandum signed in March 2023. It further expands traditional areas of cooperation by ensuring the stable supply of LNG, cooperating in fields such as CCS and hydrogen, and strengthening collaboration in greenhouse gas emission reduction management within the energy supply chain, thereby enhancing the strategic partnership between the two organizations.
Based on initiatives led by the Japanese government such as the Asia Zero Emission Community (AZEC) concept and the Asia Energy Transition Initiative (AETI), JOGMEC will continue to contribute to the improvement of Japan's energy security, as well as the sustainable economic development and realization of carbon neutrality in Malaysia and the broader Asian region.
[Reference Image Caption: MoC Signing Ceremony (Second from left: YM Tan Sri Tengku Muhammad Taufik, President and CEO of Petronas Group; Second from right: Ichiro Takahara, Chairman of JOGMEC)]