Gazprom, Kogas Sign LNG Co-operation Agreement

Gazprom and Kogas December 9 signed a broader cooperation agreement in the field of LNG supplies from the Russia to South Korea.

The document was signed by the two CEOs, Alexei Miller and Lee Seung-hun. The two parties will look to implement joint projects in LNG production, transportation and regasification and in gas-fired power generation. Gazprom and Kogas also intend to work together in research and development, energy efficiency, environmental protection, and the natural gas vehicle sector.

Kogas is South Korea’s biggest gas distributor and operates LNG import terminals. In 2005, Sakhalin Energy Investment Company and Kogas signed the contract for the supply of 1.5mn mt/yr from the Sakhalin II project.

Shardul Sharma