BP has agreed a deal to sell 1.58 million tonnes of liquid natural gas (LNG) per year from the US to the Korea Gas Corporation (KOGAS) for 15 years from 2025, in a deal estimated to be worth $9.6bn. The LNG will be delivered from the Freeport LNG terminal in Texas or the Calcasieu Pass in California. The deal represents 5% of South Korea’s total LNG use and 34% of its US imports per year.

Indian liquid natural gas company Petronet has signed an agreement with Texas-based Tellurian to acquire an 18% equity stake in its proposed Driftwood LNG facility in Louisiana. The agreement is valued at $7.5bn, with $2.5bn going towards the equity stake. Tellurian has also signed a memorandum of understanding with Petronet for the sale of five million tonnes of LNG per year from Driftwood.

Norwegian energy company Equinor has entered an agreement to sell a 25% ownership interest in the Arkona offshore windfarm to a funding group advised by Credit Suisse Energy Infrastructure Partners for $550m. Once approved by competition authorities, the deal is expected to take place during Q4 in 2019. Equinor will retain a 25% share in the windfarm, alongside RWE Renewables, which will own the remaining 50% following its takeover of E.ON’s renewables division.

Abu Dhabi government-owned company Masdar is rumoured to be in talks to buy a 20% stake in Hero Future Energies (HFE) for $150m. According to a report in the Economic Times in India, the two groups have been in exclusive talks since January 2019 and will sign an agreement this week. BNP Paribas advised Masdar on the deal and JP Morgan advised HFE. International Finance Corporation (IFC) spent $125m on a 27% stake in HFE in 2017.