Ineos Energy has entered into a liquefied natural gas supply agreement with Marubeni Corporation, with plans to commence LNG deliveries to Asian markets starting in 2029. This marks the company's first foray into selling LNG to customers in the Pacific basin.

The agreement stipulates that Ineos Energy will supply LNG on a Delivered Ex Ship basis, providing a new channel for Asian markets to access liquefied natural gas supplies.

The company stated that this deal expands its LNG portfolio beyond the Atlantic basin. It supports the firm's strategy of establishing a globally diversified LNG business across both trans-Atlantic and Pacific basin markets.

David Bucknall, CEO of Ineos Energy, commented that the agreement with Marubeni represents a significant milestone for Ineos in extending its LNG business into Asia. He noted that the Pacific basin is a primary growth market for LNG, and this agreement provides a platform for the company's expansion in the region. He added that Ineos continues to build a diverse and flexible LNG portfolio and is pleased to collaborate with a strong and established partner like Marubeni.

Masahiro Yamasaki, Chief Operating Officer of Marubeni's Energy & Chemicals Division, expressed satisfaction with finalizing the agreement with Ineos Energy and looked forward to cooperation in the global LNG sector.

Ineos highlighted that Asia remains a central hub for global LNG demand, driven by growing energy needs and fuel switching in power generation and industrial sectors.

The company further noted that this agreement reinforces its strategy of providing LNG supply across multiple regions while continuing to expand its global LNG portfolio.