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BP and KOGAS sign long-term LNG SPA

Published by , Editorial Assistant
Hydrocarbon Engineering,

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.

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