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Korean supply agreement

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Oct 9 (LNGJ) – Petronas, the Malaysian state-backed energy company and LNG supplier, said it signed a Sale and Purchase Agreement (SPA) with Korea Midland Power, the South Korean electricity generating company. The accord is for 240,000 tonnes per annum of LNG for an initial term of five years.

   Korea Midland is based in Boryeong, the port on the Yellow Sea coast where the nation’s newest of its six LNG import terminals is located. Boryeong has been in operation since 2017 and is owned by the independent energy utilities.