Top Asian LNG Buyers Form Alliance To Push For Flexible Contracts

Reuters

SEOUL, March 23 (Reuters) - Three of Asia's top buyers of liquefied natural gas (LNG) have agreed to work together to secure more flexible contracts when buying the commodity.

Korea Gas Corp (KOGAS) said in a statement on Thursday that it had signed a memorandum of understanding in mid-March with Japan's Jera and China National Offshore Oil Corp (CNOOC) to exchange information and "cooperate in the joint procurement of LNG".

(Reporting by Jane Chung; Editing by Joseph Radford)



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