Norton Rose Fulbright has advised S-OIL Corp, one of South Korea’s largest refiners, on a 15-year, long-term liquefied natural gas (LNG) supply contract with Petronas LNG Ltd., a subsidiary of Malaysian state-owned enterprise Petroliam Nasional (PETRONAS)
As part of the agreement, which was signed on August 25, 2017, it is reported that S-OIL will buy 700,000 tonnes of LNG annually from Petronas from March 2018 through March 2033, which it plans to use as fuel to run plants and as a feedstock for petrochemical products.
The Norton Rose Fulbright team on the deal was led by Singapore partner Ben Smith (Picture), who was supported by Sydney-based senior associate Tatiana Gotvig.
Law Firms: Norton Rose Fulbright;
Clients: S-OIL Corp;