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/