en.Wedoany.com Reported - Ineos Energy has signed a liquefied natural gas (LNG) supply agreement with Marubeni Corporation, planning to deliver LNG to the Asian market starting in 2029. This is reportedly Ineos' first LNG supply to the Pacific Basin.

London-based Ineos Energy has reached a cooperation with Japan's Marubeni Corporation for LNG supply on a Delivered Ex-Ship (DES) basis. Ineos stated that the agreement provides reliable and flexible access to LNG for key Asian markets, helping to secure a safe and flexible LNG supply for the region.

Masahiro Yamazaki, Chief Operating Officer of Marubeni Corporation's Energy & Chemicals Division, expressed pleasure in reaching the agreement with Ineos Energy and looked forward to collaboration in the global LNG sector.

The agreement is seen as a significant milestone in Ineos' LNG growth strategy, expanding its business scope from the Atlantic Basin to one of the most dynamic LNG demand regions globally. This transaction reinforces the company's strategy of building a globally diversified LNG portfolio covering markets in both the Atlantic and Pacific Basins.

David Bucknall, CEO of Ineos Energy, stated that the agreement with Marubeni marks an important milestone in Ineos' expansion of its LNG business into Asia. The Pacific Basin is a key growth market for LNG, and this deal provides a platform for growth in the region. Ineos is continuing to build a diversified and flexible LNG portfolio and is pleased to have a strong partner like Marubeni.

According to Ineos, Asia remains a key global LNG demand hub, underpinned by structurally growing energy demand and fuel switching in the power and industrial sectors. Last year, the company acquired CNOOC's Gulf of Mexico operations and signed an agreement with Kinetik Holdings to supply natural gas to Europe.

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