KUALA LUMPUR/SEOUL: Malaysia's Petronas is seeking higher prices for the 2 million tonnes of liquefied natural gas (LNG) a year it supplies to South Korea's Korea Gas Corp (KOGAS), Petronas sources said on Friday.
The Petronas contract is one of several that KOGAS, the world's largest corporate buyer of LNG, is currently renegotiating, and a settlement could pave the way for a sharp jump in long-term LNG prices from Malaysia to South Korea.
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