INEOS Energy signs LNG supply deal with Marubeni for Asia deliveries from 2029
Key highlights
- INEOS Energy to supply LNG to Marubeni for Asian (Pacific Basin) delivery starting in 2029.
- Supply will be delivered on a Delivered Ex-Ship (DES) basis.
- These will be INEOS Energy’s first LNG deliveries into the Pacific Basin.
- The deal extends INEOS’s LNG portfolio beyond the Atlantic Basin to serve rising Asian demand.
Deal overview
INEOS Energy has signed an LNG supply agreement with Marubeni Corporation to deliver LNG into Asian markets, with deliveries into the Pacific Basin scheduled from 2029.
Commercial terms
Supply will be on a Delivered Ex-Ship (DES) basis, providing cargoes delivered to buyers’ nominated ports.
Strategic context
These will be INEOS Energy’s first Pacific Basin deliveries, extending its LNG portfolio beyond the Atlantic Basin and supporting a globally diversified LNG position.
Market rationale
The agreement targets Asian demand driven by structural energy growth and fuel switching in power and industrial sectors and aims to secure flexible LNG supply for the region.
Source: INEOS
