Top LNG Buyer Asks Suppliers to Hold Off on Deliveries

Financial Post | Apr 8, 2020 at 2:45 PM
  • One of the world’s biggest liquefied natural gas buyers has become the latest company to ask suppliers to defer shipments as the impact of the coronavirus outbreak cripples energy demand.
  • Korea Gas Corp., or Kogas, called on some of its suppliers on term contracts to defer some immediate cargoes due to high inventories and consumption restraints caused by the virus.
  • A 20-year Malaysian LNG contract is also for 2 million tons annually until 2028.