Trafigura has today (16th January) announced the signing of a long-term liquefied natural gas (LNG) agreement with Canada’s largest natural gas producer, Tourmaline.
The agreement sees Tourmaline increase its exposure to the Japan Korea Market (JKM), a benchmark price index for LNG cargoes in the Northeast Asian market.
Tourmaline signed the netback agreement with Trafigura based on 0.5 million tonnes per annum for a seven-year term starting January 2027, with the potential for extension up to December 2039.
In addition to the above, Rourmaline has also expanded its international exposure to include a physical netback agreement with Trafigura Canada Limited, which will receive Dutch TTF index pricing.
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