Arabian Business reported that Qatargas agreed to supply Malaysia's Petronas LNG Limited 1.5 million tonnes of liquefied natural gas annually for at least 20 years from 2013.

Mr Khalid Bin Khalifa Al Thani CEO of Qatargas said that "It is the first time Qatargas has signed a heads of agreement for supplying LNG to the South East Asian market. We are very pleased with this achievement as it represents the first long term agreement for supplying LNG to one of the world's fastest growing LNG markets."

He said that the LNG supply from Qatar would be equivalent to about 5% of Malaysia's current annual domestic natural gas demand. Qatar the world's biggest LNG exporter can produce up to 77 million tonnes of LNG a year.

(Sourced from www.arabianbusiness.com)