INEOS and Marubeni Corp Ink LNG Supply Deal

• LNG deliveries under the agreement will begin in 2029, with INEOS supplying on a delivered ex-ship basis
• Delivery destinations include Japan (Marubeni's home market) or other Asian markets including South Korea, Taiwan, and China at Marubeni's nomination
• INEOS Energy and Marubeni have not publicly disclosed the contract duration or total volume of LNG covered by the supply agreement

Summary: INEOS and Marubeni Corp Ink LNG Supply Deal

Key Transaction Details:

INEOS Energy announced a liquefied natural gas (LNG) supply agreement with Japanese trading giant Marubeni Corporation on June 2, with deliveries scheduled to commence in 2029.

Companies Involved:

• INEOS Energy (supplier) – Will provide LNG on a delivered ex-ship (DES) basis
• Marubeni Corporation (buyer) – Major Japanese trading house

Supply Specifications:

The agreement will facilitate LNG deliveries into Asian markets, though specific volume and duration terms were not disclosed in the official statement. A company spokesperson confirmed that delivery destinations include:

• Japan (primary destination for Marubeni)
• South Korea
• Taiwan
• China (at Marubeni's nomination)

Market Implications:

This deal reflects continued strong demand for LNG in Asia, particularly as the region seeks energy security amid global supply chain concerns. The 2029 start date indicates long-term strategic planning in the LNG sector, with suppliers and buyers locking in agreements well in advance. The flexibility in delivery destinations provides Marubeni with optionality to serve multiple Asian markets based on demand dynamics.

The absence of disclosed volumes and contract duration suggests either commercial confidentiality or ongoing negotiations on specific terms. This agreement strengthens INEOS Energy's position as an LNG supplier to the Asian market while supporting Marubeni's energy trading portfolio in the region's growing gas markets.