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2018-09-13 13:35:00

GAZPROM - KOGAS COOPERATION

СОТРУДНИЧЕСТВО ГАЗПРОМА И KOGAS

GAZPROMA working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Seung-Il Cheong, President and Chief Executive Officer of KOGAS, took place at the 4th Eastern Economic Forum in Vladivostok.

The parties discussed the state of and the prospects for wider cooperation between the companies. Special attention was paid to natural gas supplies to South Korea. Pointing to the gas demand growth in the Republic, the parties considered the prospects of increasing LNG imports to the country in the long term. In 2017, Sakhalin Energy Investment Company Ltd. had supplied South Korea with 1.9 million tons of LNG. In the first half of 2018, the supplies amounted to 1.2 million tons.

It was emphasized at the meeting that the companies intended to continue the scientific and technical dialogue on LNG transportation, storage and utilization, pipeline gas technologies, as well as hydrocarbon exploration and production.

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Background

KOGAS 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 2016, Gazprom and KOGAS inked an Agreement of Cooperation. The document envisages a broader cooperation in the field of LNG supplies and reflects the parties' intention to implement joint projects in LNG production, transportation and regasification and in gas-fired power generation. In addition, the Agreement outlines the key avenues of cooperation, including in research and development, energy efficiency, environmental protection, and the NGV sector.

In 2005, Sakhalin Energy Investment Company Ltd. and KOGAS signed the contract for the supply of 1.5 million tons of LNG per year from the Sakhalin II project.

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Earlier: 

 ИНВЕСТИЦИИ ГАЗПРОМА: 1 496,328 МЛРД. РУБ.
2018, September, 7, 12:37:00

GAZPROM'S INVESTMENT UP TO RUB 1,496.328 BLN

GAZPROM - Pursuant to Gazprom’s revised draft investment program for 2018, the overall amount of investments will stand at RUB 1,496.328 billion, which is RUB 217.498 billion more than was envisaged in the investment program approved in December 2017.

 ГАЗПРОМ: ПРИБЫЛЬ БОЛЬШЕ НА 65%
2018, August, 31, 11:35:00

GAZPROM'S PROFIT UP BY 65%

GAZPROM - Profit attributable to the owners of PJSC Gazprom for the six months ended June 30, 2018 totalled RUB 630,804 million which is by RUB 249,458 million, or 65 %, more than for the same period of the prior year.

ВЗАИМОПОНИМАНИЕ НОВАТЭК И KOGAS
2018, June, 25, 12:05:00

NOVATEK - KOGAS UNDERSTANDING

NOVATEK - According to the MOU, the parties agreed to explore opportunities for KOGAS to enter the Arctic LNG 2 project and possible LNG off-take from the project, participate in the LNG transshipment project in Kamchatka and other infrastructure projects, as well as develop cooperation in LNG trading and logistics optimization, including swap operations.

 GAZPROM'S GAS FOR KOREA
2018, June, 20, 12:10:00

GAZPROM'S GAS FOR KOREA

PLATTS - "Today, the political situation is somewhat different. The South Korean side approached Gazprom about the revival of this project. A series of talks took place on this. These talks are continuing. We can't say anything further, but we are renewing such talks with the Korean side," Markelov said.

 

 ТОТАЛЬНАЯ ДЕКАРБОНИЗАЦИЯ МИРОВОЙ ЭКОНОМИКИ
2018, May, 28, 11:10:00

TOTAL DECARBONIZATION OF THE GLOBAL ECONOMY

GAZPROM - It seems that putting renewables ahead of everything else doesn’t accomplish anything in today’s world. And striving for a total decarbonization of the global economy is downright quixotic. One should understand that fossil fuels will continue to play an essential role in the next 20 years.

 AUSTRALIA'S LNG INVESTMENT: $900 MLN
2018, March, 4, 10:52:00

AUSTRALIA'S LNG INVESTMENT: $900 MLN

GT - Santos and its GLNG partners—Petronas, Total and KOGAS—will make a massive capital investment of $900 million in upstream developments in the Maranoa, Western Downs, Central Highlands and Banana regions in Queensland this year.

 

 LNG  OVERSUPPLY
2017, April, 3, 18:40:00

LNG OVERSUPPLY

Korea Gas Corp (KOGAS), Japan's JERA and China National Offshore Oil Corp (CNOOC) [SASACY.UL] - whose joint liquefied natural gas volumes account for a third of global LNG trade - are attempting to cement a shift in power from producers to importers amid a supply glut that is expected to persist into the early-2020s.

Tags: ROGAS, ГАЗПРОМ, СПГ, LNG