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FOR IMMEDIATE RELEASE
Release date: 24. July 2022
The M.I.I. Oil Holding Inc and UPI Holding Ltd (UPI) entered into a new sales and purchase agreement
for liquefied natural gas (LNG).
Under the agreement, M.I.I. Oil Holding will provide UPI with approximately 1.5 million tonnes of
LNG per annum. The term of the agreement is 30 years. LNG supply will commence at the end
of 2022 and will be sourced from MII's portfolio of LNG.
His Excellency Marquis Dr. Armando Mormina, Chairman of the Board and Chief Executive of
MII, said: “M.I.I. honored to conclude such a large LNG sale and purchase agreement with
UPI, with whom we have a longstanding relationship. Japan has become a significant LNG
market and this agreement with UPI further demonstrates our LNG supply capability in the
Asia Pacific territories.”
Commercial terms of the agreement were not disclosed.