LNG

July 13 (LNGJ) - Qatar Petroleum and Korea Gas Corp., the South Korean utility and energy company, have signed a 20-year sale and purchase agreement for the supply of 2 million tonnes per annum of LNG to Korean terminals for a period of 20 years.

   The agreement was signed in the Qatari capital Doha between Saad Sherida Al-Kaabi, President and Chief Executive of Qatar Petroleum, and Hee-Bong Chae, the President and CEO of Kogas. The SPA signing took place almost 26 years after the first Qatar-Kogas LNG supply agreement. Qatar currently supplies Kogas with more than 9 MTPA of cargoes through long-term agreements, making it the largest supplier of LNG to Korea.