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Saudi Aramco sells LNG to South Korea

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LNG Industry,

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.

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