Gazprom and KOGAS Held Talks on LNG Supplies Cooperation
A meeting was held between Alexey Miller, Chairman of the Gazprom Management Committee, and Seung-Il Cheong, President and CEO of KOGAS, took place in Moscow on January 25, 2018, 16:20.
The meeting addressed the status of LNG supplies to South Korea from the Sakhalin II project, as well as the potential for increasing exports.
The parties also discussed the prospects for further collaboration between the companies.
KOGAS is focused on the construction and operation of LNG receiving terminals and gas distribution networks, the implementation of international gas projects, and research and development in the gas industry.
In 2016, Gazprom and KOGAS inked an Agreement of Cooperation. The document envisages a broader cooperation in the field of LNG supplies and reflects the parties’ intention to implement joint projects in LNG production, transportation and regasification and in gas-fired power generation. In addition, the Agreement outlines the key avenues of cooperation, including in research and development, energy efficiency, environmental protection, and the NGV sector.
In 2005, Sakhalin Energy Investment Company Ltd. and KOGAS signed the contract for the supply of 1.5 million tons of LNG per year from the Sakhalin II project.