bp and KOGAS sign long-term LNG SPA

Published by Jessica Casey, Editor
LNG Industry, Tuesday, 30 April 2024 09:00

bp has entered into a long-term LNG sale and purchase agreement (SPA) with Korea Gas Corp. (KOGAS).

Under the agreement, bp will provide KOGAS with up to 9.8 million t of LNG over 11 years on a delivered ex-ship (DES) basis from bp’s diverse portfolio of LNG sources. This deal is in addition to the existing long-term SPA between bp and KOGAS for DES supply of LNG that was signed in 2022.

Deliveries will commence in mid-2026. The deal was signed between KOGAS and bp’s Singapore-based entity, BP Singapore Pte. Ltd.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/30042024/bp-and-kogas-sign-long-term-lng-spa/

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