Gazprom, Kogas for Tighter LNG Cooperation

Laxman Pai
Monday, September 9, 2019

Russian oil and gas company Gazprom Neft has announced that a working meeting has been held between Alexey Miller, Chairman of the Gazprom Management Committee, and Hee-Bong Chae, President and Chief Executive of KOGAS.

The meeting participants reviewed the state and prospects of cooperation between the companies, highlighting the stability of LNG supplies under the contract between Sakhalin Energy Investment Company Ltd. and KOGAS.

The parties expressed interest in further expanding their cooperation in the area of LNG and continuing their sci-tech collaboration.

KOGAS (Republic of Korea) 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 2005, Sakhalin Energy Investment Company Ltd. (in which Gazprom owns 50 percent plus one share) and KOGAS signed the contract for the supply of 1.5 million tons of LNG per year from the Sakhalin II project. Sakhalin Energy is the operator of Sakhalin II.

In 2016, Gazprom and KOGAS inked an Agreement of Cooperation. The document envisages a broader cooperation in the field of LNG supplies. In addition, the Agreement outlines the key avenues of cooperation, including in research and development, energy saving, environmental protection, and the NGV sector.

Categories: People & Company News Energy LNG

Related Stories

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

Current News

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com