TOKYO -- Japan has signed a memorandum of cooperation with Malaysian state oil giant Petronas with an eye on obtaining liquefied natural gas during a supply crunch or another emergency, as Tokyo prepares for the global competition for the fuel to grow as winter approaches.
Energy
Japan reaches deal on emergency LNG supplies from Petronas
Economy ministry seeks out fuel from Southeast Asia to prepare for winter crunch
Malaysia accounted for 13.6% of Japan's LNG imports in 2021. (Photo by Ryosuke Hanafusa)
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