KOSPO is seeking between 3 trillion British thermal units (TBtu) and 3.7 TBtu of LNG on a delivered ex-ship (DES) basis.
Moreover, three are tentative arrival window dates, which may be consecutive or non-consecutive, within the period between September 1 and September 15.
The volumes will be delivered to a Kogas-operated LNG import terminal or an alternate LNG terminal in South Korea, according to KOSPO.
The price will be linked to JKM.
“Kospo may, at any time prior to and/or after selecting preferred bidder, request to revise its proposal from a JKM-linked price to a fixed price and/or any formula linked with other indices,” it said.
The South Korean firm launched the tender on June 10 and bids can be submitted by June 15 at 18:00 (KST).
Kospo and the preferred bidder are expected to enter into an MSA by no later than August 29, it said.
According to Kospo’s website, the firm has seven LNG power plants: Shinincheon, Busan, Namjeju, Yeongwol, Andong, ShingSejong, and Hanlim.
Before this tender, Kospo launched a tender for one spot LNG cargo in May for delivery in July.
Kospo also launched one tender in February for April delivery.
The firm launched two tenders in 2024.
