Korea Gas Corporation (Kogas) has entered a long-term deal with global commodities trader Trafigura to secure liquefied natural gas (LNG) supplies, aiming to diversify its import routes and strengthen energy stability.

Although the exact volumes were not revealed, the arrangement is expected to involve substantial LNG deliveries over the coming decade, with prices tied to the US Henry Hub benchmark.

Kogas CEO Yeonhye Choi described the agreement as a key step in building a dependable supply network amid rising uncertainties in the global energy market.

Trafigura will fulfill its commitment through existing contracts with LNG producers, including North America’s largest exporter, Cheniere Energy, as well as its worldwide LNG portfolio.

Trafigura CEO Richard Holtum said the deal reinforces the company’s position in the international LNG market and demonstrates its ability to link major producers with important consumers, ensuring South Korea receives a reliable energy supply to meet its economic demands.

Currently, Trafigura manages a global turnover of over $40 billion annually across natural gas, crude oil, petroleum products, and metals. The Kogas agreement adds to its expanding influence in the LNG sector.