Glenfarne, South Korea's POSCO International sign 20-year LNG supply deal

Core Viewpoint - Glenfarne's Alaska LNG unit has signed a preliminary agreement to supply 1 million tonnes per annum (mtpa) of LNG to South Korean trading firm POSCO International for a duration of 20 years [1] Company Summary - The agreement marks a significant long-term supply commitment in the LNG market, indicating strong demand from South Korea [1] - The deal is expected to enhance Glenfarne's position in the global LNG supply chain [1] Industry Summary - The LNG market continues to see robust growth, driven by increasing energy demands in Asia, particularly in South Korea [1] - Long-term contracts like the one signed by Glenfarne are becoming more common as companies seek to secure stable supply amidst fluctuating market conditions [1]