Gazprom, Kogas for Tighter LNG Cooperation

September 9, 2019

Hee-Bong Chae and Alexey Miller at meeting. Photo: Gazprom
Hee-Bong Chae and Alexey Miller at meeting. Photo: Gazprom

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.



Current News

Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

China Expects Balanced Energy Supply/Demand

China Expects Balanced Energy Supply/Demand

India to Invite Foreign Investment in State-owned Oil Companies

India to Invite Foreign Investment in State-owned Oil Companies

Southeast Asia Bullish on OFS Market

Southeast Asia Bullish on OFS Market

BMT Delivers Real Time Monitoring for Helang FPSO

BMT Delivers Real Time Monitoring for Helang FPSO

Saipem Inks Deal with Daewoo for Onshore Projects

Saipem Inks Deal with Daewoo for Onshore Projects

Indonesia Inks 20-year PSC for Corridor Block

Indonesia Inks 20-year PSC for Corridor Block

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