Malaysia’s Petroliam Nasional Berhad (Petronas) was established in1974 and is the country’s state oil and gas company. It operates as an integrated concern across all areas of the oil and gas market, encompassing exploration and production, refining and fuels distribution. In the LNG sector, Petronas is a significant supplier to industrial economies and sells large volumes to Far Eastern markets, as well as to Europe and the US. In shipping and transportation, Petronas holds majority control (62%) of MISC Berhad, which is primarily an LNG tanker operator.