LNG

Trafigura has agreed to supply 1.5 mtpa of LNG to Korea Gas Corp (KOGAS) over ten years, beginning in 2026. Deliveries will include cargoes sourced from Cheniere Energy.

Prices of delivered LNG into North-East Asia, the world’s premium gas market, are converging for oil-linked contracts and those indexed to the US Henry Hub. Most of recent term oil-linked deals for cargoes shipped to Asia have been in the 12.0%-12.5% DES range, while volumes available earlier from post-FID projects are attracting a premium.