A voter leaves the voting booth before voting in the second round of the legislative elections, Sunday, July 7, 2024 in Strasbourg, eastern France. France votes Sunday in pivotal runoff elections that could hand a historic victory to Marine Le Pen's far-right National Rally and its inward-looking, anti-immigrant vision — or produce a hung parliament and years of political deadlock. (AP Photo/Jean-Francois Badias)
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These arrangements draw billions of ringgit in annual revenue for the national oil giant that is Malaysia’s sole listing in the Fortune Global 500 list of the world’s largest corporations.
Petronas currently operates huge LNG installations in Sarawak and the mechanics of how Petros will take over the national oil corporation’s role, and what impact it would have on current long-term LNG supply arrangements, remain confidential.
But there is wide consensus among industry watchers that the impact on Petronas, which currently ranks as the world's third-largest supplier of LNG, will be significant.
