Gas
INEOS Energy breaks into Asia LNG market with Marubeni deal
INEOS Energy will supply LNG on a Delivered Ex-Ship (DES) basis, giving buyers in key Asian markets flexible and reliable access to supply
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By ICN Bureau | June 03, 2026
INEOS Energy has signed a liquefied natural gas (LNG) supply agreement with Marubeni Corporation, securing deliveries into Asian markets and marking the company’s first LNG shipments into the Pacific Basin.
Under the agreement, INEOS Energy will supply LNG on a Delivered Ex-Ship (DES) basis, giving buyers in key Asian markets flexible and reliable access to supply.
The deal represents a major expansion step in INEOS Energy’s LNG strategy, pushing its reach beyond the Atlantic Basin into one of the world’s fastest-growing demand regions.
David Bucknall, CEO of INEOS Energy, said: “This agreement with Marubeni marks an important milestone for INEOS as we expand our LNG activities into Asia. The Pacific Basin is a key growth market for LNG and this deal provides a platform for growth in the region.
"We continue to build a diversified and flexible LNG portfolio and are delighted to have Marubeni as a strong and established partner.”
From the Japanese trading house, Masahiro Yamazaki, Chief Operating Officer, Energy & Chemicals Div of Marubeni Corporation said: “We are grateful to conclude this agreement with INEOS Energy and looking forward for the collaboration in the global LNG sector.”
Asia remains the dominant global LNG demand centre, driven by rising energy consumption and ongoing fuel switching in power generation and industry. The agreement strengthens access to secure and flexible LNG supply across the region.
For INEOS Energy, the deal further underlines its strategy to build a globally diversified LNG portfolio spanning both the Atlantic and Pacific basins, while expanding its role as a supplier of flexible energy solutions worldwide.
