BP signs long-term LNG agreement with Korea Gas Corp
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) basis," the company added. The deliveries will commence in mid-2026.
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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)