INEOS Expands LNG Business Into Asia With Marubeni Supply Deal

Image for article INEOS Expands LNG Business Into Asia With Marubeni Supply Deal
News Source : Yahoo Entertainment

News Summary

  • Under the deal, INEOS will supply LNG on a Delivered Ex-Ship (DES) basis, meaning the company will be responsible for transporting cargoes directly to receiving terminals in Asia.
  • Asian LNG consumption continues to be supported by rising electricity demand, industrial growth, and efforts by several countries to replace coal with lower-emission natural gas.
INEOS Energy is expanding its global LNG business into Asia after signing a longterm supply agreement with Japans Marubeni Corporation for deliveries beginning in 2029.

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