Glenfarne finalizes 20-year LNG supply deal with South Korea's POSCO

Core Points - Glenfarne's Alaska LNG unit has finalized an agreement to supply 1 million tonnes per annum of liquefied natural gas to POSCO International for a duration of 20 years from its planned export project [1] Company Summary - The agreement signifies a long-term commitment between Glenfarne's Alaska LNG unit and POSCO International, indicating a stable revenue stream for the company over the next two decades [1] - The planned export project is expected to enhance Glenfarne's position in the liquefied natural gas market, particularly in Asia [1] Industry Summary - The deal reflects the growing demand for liquefied natural gas in South Korea, highlighting the strategic importance of LNG supply agreements in the current energy landscape [1] - Long-term contracts like this one are becoming increasingly common as companies seek to secure stable energy supplies amid fluctuating market conditions [1]