Trafigura signs long-term LNG supply agreement with KOGAS

This agreement expects substantial volumes of LNG to be delivered to KOGAS over the next decade. The pricing index will be Henry Hub, the US natural gas benchmark.

Trafigura will meet this commitment through its offtake agreements with LNG producers, including Cheniere Energy, North America’s largest LNG exporter, and Trafigura’s global LNG portfolio.

The deal with KOGAS strengthens Trafigura’s position in the global LNG market. This continues to build on Trafigura Group’s significant US operations, with current turnover totalling more than US$40 billion annually across natural gas, crude oil, petroleum products, and metals.

Richard Holtum, CEO, Trafigura, commented: “We are delighted to sign this long-term LNG supply agreement with KOGAS. The Republic of Korea is a highly valued partner for Trafigura across all our core trading divisions. This deal demonstrates our ability to connect major producers with key consumers in an increasingly complex energy landscape. By leveraging our offtakes from US LNG companies and our global portfolio, we can provide KOGAS with the reliable energy supply that South Korea's economy demands.”

Yeonhye Choi, CEO, KOGAS, added: “The signing of this agreement marks a significant step toward establishing a reliable partnership amid rising uncertainty in the global market. This agreement is expected to diversify import channels while contributing to the stability of energy supply to Korea. Both parties are committed to building a long-term relationship founded on mutual trust and collaboration. KOGAS will continue its commitment to supply stable and economic energy to Korea with its important partner, Trafigura.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/26082025/trafigura-signs-long-term-lng-supply-agreement-with-kogas/