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Noble Group Limited ("Noble� or "Company�) today announced it has successfully signed a contract to supply LNG cargoes to an end buyer in the Asia Pacific region. The term sales contract, which is Noble's first in Asia Pacific, is on a Deliver Ex Ship basis and contains a commercial structure that is flexible and caters to the customer's needs.
The LNG cargoes will be delivered by 2020 and will be sourced from Noble's global supply portfolio, which includes multi-cargo, multi-year supply agreements and vessels chartered from the market. Noble's first LNG cargo to the region was delivered to the Japanese market in January 2015, and this contract builds on Noble's growing LNG business within the Asia Pacific basin.
Gareth Griffiths, Global Head of Power, Gas and Carbon trading, Noble Group, said: "This contract marks a significant development in Noble's global LNG business, which has reached 2 million tonnes in less than 18 months of operations. Asia Pacific is a key growth area for LNG, with its increasing demand for a reliable, clean source of fuel to power energy and industries as the middle class expands."
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About Noble Group
Noble Group (SGX: N21) manages a portfolio of global supply chains covering a range of industrial and energy products, as well as having a 49% interest in Noble Agri, its agricultural partnership with COFCO. Operating from over 60 locations, Noble facilitates the marketing, processing, financing and transportation of essential raw materials. Sourcing bulk commodities from low cost regions such as South America, South Africa, Australia and Indonesia, the Group supplies high growth demand markets, particularly in Asia and the Middle East. We are ranked number 77 in the 2015 Fortune Global 500. For more information please visit www.thisisnoble.com.
For further details please contact:
Asia
Ms. Chelsea Phua
Bell Pottinger
Tel: +65 6333 3449
Email: cphua@bellpottinger.com
Europe/US
Ms. Candice Adam
Argentus PR
Tel: +44 20 7397 2915
Email: candice.adam@argentuspr.com
Australia
Mr. Martin Debelle
Citadel
Tel: +61 2 9290 3033
Email: mdebelle@citadelpr.com.au
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