Saudi Aramco sells LNG to South Korea
Published by Will Owen,
According to the latest Reuters report, Saudi Aramco’s trading arm, Aramco Trading Co., has sold an LNG cargo to South Korea’s S-Oil Corp.
The cargo will reportedly be delivered on a delivered ex-ship (DES) basis in early March. The price of the cargo is estimated at approximately US$4.40 – 4.60 per million Btu.
This transaction likely forms part of Saudi Aramco’s plans to expand its LNG business.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23012020/saudi-aramco-sells-lng-to-south-korea/
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