Coterra Energy and Vitol Inc. have signed a landmark natural gas sales and purchase agreement, marking a significant step in the evolution of global energy trading. The 11-year contract will commence in 2027, with Coterra providing 100,000 MMBtu/day of natural gas, equivalent to approximately 0.7 million tonnes per year of indexed LNG , with prices tied to the JKM index, which governs the markets in Japan and Korea.
The United States and its key role in indexed LNG
Coterra Energy President Thomas Jorden highlighted the abundance and affordability of U.S. natural gas as a crucial pillar for global energy stability . According to Jorden, “ America’s position as an energy exporter not only enhances global energy security, but also drives the economic accessibility of the resource .”
This agreement strengthens the collaboration between both companies, consolidating their commitment to respond to the changing energy needs of the planet.
Ben Marshall, Head of Vitol Americas, underlined the relevance of this agreement in an increasingly complex energy landscape. With over 18 years of experience in LNG services, Vitol continues to play an innovative role in delivering efficient and flexible energy solutions .
Natural gas production in the United States will continue to be essential to meeting global energy demand.
Marshall said, highlighting Vitol’s ability to offer cost-effective and reliable options.
Coterra’s commitment to innovation and sustainability is evident. The company continues to optimize its processes to minimize environmental impact, while Vitol strengthens its position as a key player in the transition to cleaner energy . This agreement represents a business synergy, it also reinforces joint efforts for a more sustainable and resilient energy future.
Follow us on social media and don’t miss any of our posts!
YouTube LinkedIn Facebook Instagram X TikTok
Source and photo: Vitol
Loading...
