KOGAS, GDF Suez Sign Second LNG Supply Deal

South Korean public natural gas company Korea Gas Corp. (KOGAS) has agreed to buy 1.6 million tonne of liquefied natural gas from France’s GDF Suez. This is the second deal between the two companies.

The gas will be supplies to the Korean firm over 2013 and 2014.

In 2010, the two parties signed a first agreement for the delivery of about 2.5 million tonne of LNG between 2010 and 2013.

KOGAS is the largest importer of LNG in the world and the largest supplier of natural gas in South Korea. The company operates three LNG regasification terminals and 2,879 km of natural gas pipelines at high pressure. These additional volumes will allow KOGAS to satisfy its growing need for LNG while diversifying its sources of supply.