Noble Group signs first LNG term sales contract for Asia Pacific

Noble Group Ltd. has signed a contract to supply liquefied natural gas (LNG) cargoes to an end buyer in the Asia Pacific region. The term sales contract, which is Noble’s first in Asia Pacific, is on a Deliver Ex Ship basis and contains a commercial structure that is flexible and caters to the customer’s needs.

The LNG cargoes will be delivered by 2020 and will be sourced from Noble’s global supply portfolio, which includes multi-cargo, multi-year supply agreements and vessels chartered from the market. Noble’s first LNG cargo to the region was delivered to the Japanese market in January 2015, and this contract builds on Noble’s growing LNG business within the Asia Pacific basin.

 

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