Regional LNG: AG&P LNG, BK LNG Solution sign deal for first LNG spot cargo to China
Thursday, July 11 2024 - 11:02 PM WIB
By Romel S. Gurky
AG&P LNG, an UAE-based LNG terminal and downstream infrastructure, and BK LNG Solution (BKLS), a Singapore-based provider of comprehensive LNG solutions, have signed a landmark agreement to import the first LNG spot cargo into China. This significant milestone, marked by a signing ceremony, underscores the companies' joint commitment to meeting China's rapidly growing LNG demand.
The cargo is set to be delivered by the end of August 2024.
Read also: Regional LNG: AG&P LNG and Hai Linh announce the start of the commissioning of Cai Mep LNG Terminal
"We are pleased to announce the signing ceremony where we formalized our agreement to bring our first spot cargo into China," said Henry Kim, President of BK LNG Solution. "This collaboration demonstrates our dedication to providing innovative and diversified LNG solutions to meet the dynamic needs of the Chinese LNG market."
In addition to the spot cargo transaction, AG&P LNG and BKLS have agreed to collaborate on Small Scale LNG (ssLNG) initiatives. Utilizing the terminal at Cai Mep, Vietnam, they will employ small LNG carriers and ISO containers for breakbulk into China. This initiative aims to expand LNG distribution capabilities and enhance market responsiveness across China.
Editing by Alexander Ginting