Petronas Sales Locking up Buyers with High Credit Ratings

6 March 2017: “Petronas in 2016 offered mid- to long-term supply at some of the lowest prices to buyers with high credit ratings, making the Malaysian state-owned company a formidable rival for other suppliers. Its strategy is likely to continue as Petronas has long-term contracts with Taiwan’s CPC and Japanese buyers Tokyo Electric and Tokyo Gas expiring from 2018 to 2020, possibly leaving the supplier with 10 MMt/y to sell.”

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