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2019-09-06 13:30:00

GAZPROM, KOGAS COOPERATION

СОТРУДНИЧЕСТВО ГАЗПРОМА И KOGAS

GAZPROM - September 5, 2019 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Hee-Bong Chae, President and Chief Executive Officer of KOGAS, took place today at the 5th Eastern Economic Forum in Vladivostok.

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.

Background

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 per cent 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.

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Earlier: 

 S.KOREA'S LNG WILL UP
2019, March, 20, 10:35:00
S.KOREA'S LNG WILL UP
The South Korean government Tuesday gave its final approval to lower taxes on LNG used for power production by 75%, and raise those on thermal coal by 28% from April 1, in a move likely to boost downstream gas consumption.
 
 RUSSIA - S.KOREA NUCLEAR COOPERATION
2018, December, 21, 13:50:00
RUSSIA - S.KOREA NUCLEAR COOPERATION
WNN - Russia's National Operator for Radioactive Waste Management (NO RWM), Russian state nuclear corporation Rosatom and the Korea Radioactive Waste Agency (KORAD) today signed an agreement to cooperate in radioactive waste management. The agreement was signed by Igor Igin, NO RWM's director genera, Oleg Kryukov, Rosatom's director of state policy on radioactive waste, used nuclear fuel and decommissioning, and Cha Sung-soo, chairman of KORAD.
 
 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.

 

Tags: ГАЗПРОМ, GAZPROM, KOGAS