Article

Brunei Energy Services & Trading (BEST) has extended its liquefied natural gas (LNG) Sale and Purchase Agreement with Vitol until 2031, allowing for the supply of up to four LNG cargoes annually from 2028. This agreement, which builds on an initial contract established in 2022, reinforces Brunei's position as a reliable LNG supplier in Asia and aims to stabilize revenue amid a competitive export environment. The extension reflects a growing trend among producers to secure long-term contracts in response to evolving market conditions.