BP signs long-term LNG agreement with Korea Gas Corp

Reuters04-29

April 29 (Reuters) - BP has entered into a long term liquefied natural gas $(LNG)$ sale and purchase agreement with South Korea's state run Korea Gas Corp (KOGAS) , the global oil major said on Monday.

"Under the agreement, BP will provide KOGAS with up to 9.8 million tonnes of LNG over 11 years on a delivered ex-ship $(DES.AU)$ basis," the company added. The deliveries will commence in mid-2026.

This deal is in addition to the existing long-term sale and purchase agreement between the two companies signed in 2022.

(Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Christian Schmollinger)

((Ashitha.Shivaprasad@thomsonreuters.com;))

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