Qatar inks major Korea LNG supply contract

Rasgas has struck a deal with one of the largest LNG buyers in the world
Qatar inks major Korea LNG supply contract
An LNG tanker
By Reuters
Sun 12 Feb 2012 09:13 AM

Qatar's Rasgas has agreed to sell South Korea's state-run Korea Gas Corp (Kogas) an additional 2 million tonnes a year of liquefied natural gas (LNG) for the next 20 years, the two companies said in a statement.

Kogas, one of the world's biggest LNG buyers, already has contracts with Rasgas to receive a total of around 7 million tonnes a year until 2024-2026.

"This agreement is further evidence of these strong ties and helpful for long term security of LNG supply to Korea," Kogas chief operating officer Young Sung Park said in a statement.

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