PETRONAS Signs MoU with CNPC for Integrated Sustainable Energy Solutions

Petroliam Nasional Berhad (PETRONAS) and China National Petroleum Corporation (CNPC) have signed a Memorandum of Understanding (MoU) at the CNPC International Cooperation Forum during the 7th China International Import Expo (CIIE). This collaboration, which coincides with the 50th anniversary of Malaysia-China diplomatic relations, highlights the strong bond between the two nations and marks a key milestone in advancing the energy sector towards high-quality, sustainable development.

The signing ceremony was attended by Tan Sri Tengku Muhammad Taufik, President and Group CEO of PETRONAS, and Dai Houliang, Chairman of CNPC. The MoU was signed by Hazli Sham Kassim, Vice President of Development of Upstream PETRONAS, and He Wenyuan, General Manager of China National Oil and Gas Exploration and Development Co., Ltd (CNODC).

The strategic partnership outlined in the MoU aims to enhance collaboration in upstream oil and gas exploration and production globally, as well as in the liquefied natural gas (LNG) value chain. It will also focus on innovative ventures in areas like specialty chemicals, renewable energy, green hydrogen technology, and carbon capture, utilization, and storage (CCS). The two companies will also establish an open platform for knowledge exchange to drive the energy transition and promote sustainable energy development in the region.

PETRONAS has long been a reliable energy supplier to China, providing LNG, petrochemicals, crude oil, petroleum products, and lubricants. This strengthened partnership with Chinese energy companies further supports China's energy sector transformation, contributing to the country’s economic growth.

On the sidelines of CIIE, the President and Group CEO of PETRONAS delivered a keynote address at the CNPC International Cooperation Forum. The CIIE’s goal of promoting open, inclusive, and balanced global economic growth aligns closely with PETRONAS' global strategy.