Lock In Shipping Specs and Supplier Maps After APAC LNG Deal

This move gives existing PSC partners the right to match the proposed terms and utilize their pre-emption rights

Home Fossil Energy EnQuest makes $833 million play to expand its Southeast Asian oil & gas arsenal June 11, 2026, by EnQuest Petroleum Production Malaysia, a wholly owned subsidiary of London Stock Exchange-listed energy firm EnQuest, has set the wheels in motion to enlarge its oil and gas footprint in Southeast Asia through a proposed acquisition of interests in four production sharing contracts (PSCs) off the coast of Malaysia. Illustration; Source: EnQuest EnQuest has agreed to acquire three separate package

The maximum total consideration for the proposed acquisitions is $833 million, of which $554 million is payable upon completion, expected on December 31, 2026, subject to customary completion conditions, including inter alia the waiver or expiry of applicable pre-emption rights associated with Package 2

Taihan said the agreements combine its cable manufacturing and project execution capabilities with the offshore wind, marine infrastructure, and submarine cable installation expertise of the two European companies, strengthening its position in the global HVDC cable market. Taihan has been expanding its presence in the subsea cable sector in recent years and is currently building a second submarine cable manufacturing facility in Dangjin, South Korea, which will be capable of producing 640 kV HVDC cables

Taihan has been expanding its presence in the subsea cable sector in recent years and is currently building a second submarine cable manufacturing facility in Dangjin, South Korea, which will be capable of producing 640 kV HVDC cables. Related Article The company has also strengthened its installation capabilities with the recent acquisition of the 10,000-ton-class cable-laying vessel (CLV) Skandi Connector, having been operating the CLV Palos, which Taihan says is South Korea’s only dedicated cable-laying ves

Related Article The company has also strengthened its installation capabilities with the recent acquisition of the 10,000-ton-class cable-laying vessel (CLV) Skandi Connector, having been operating the CLV Palos, which Taihan says is South Korea’s only dedicated cable-laying vessel. Taihan said these investments are intended to support its strategy of providing integrated manufacturing, transportation and installation services for offshore power transmission projects worldwide

LNG will be delivered using the firm’s new generation of 174,000-cubic-meter LNG carriers, designed to comply with the International Maritime Organization’s enhanced emissions standards, supporting more efficient and lower-emission operations. The signing of this agreement is perceived to signify the transformation from traditional point-to-point LNG supply agreements to a more flexible LNG supply arrangement, which is interpreted to further underscore Petronas’ position as a reliable LNG supplier through the

Petronas’ Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas Petronas, through its wholly owned subsidiary Petronas LNG Ltd. (PLL), and JERA have signed a new long-term supply agreement, which enables the Malaysian player to provide up to approximately 2 million tonnes per annum (mtpa) of LNG over 20 years starting in 2028

LNG will be delivered using the firm’s new generation of 174,000-cubic-meter LNG carriers, designed to comply with the International Maritime Organization’s enhanced emissions standards, supporting more efficient and lower-emission operations