Largest Japanese and Korean LNG buyers JERA and Kogas to cooperate on trading and cargo swaps
JERA Co. Inc., the largest Japanese liquefied natural gas buyer, and Korea Gas Corp. (Kogas), its counterpart in South Korea, have signed an accord to cooperate in the LNG business.
Qatar-Korea supply
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.
