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S-Oil and Petronas sign 15-year SPA

August 25, 2017

S-Oil and Petronas sign 15-year SPA

South Korean petroleum and refinery company S-Oil Corporation has signed today a 15-year SPA with Petronas.

Petronas has agreed to deliver 700,000 tons of LNG per year for the duration of the contract. The volumes have been contracted to run the refiner’s new plant operations and as a feedstock for petrochemical products.

Deliveries under the contract are set to start in April 2018 until March 2033.