Kogas could be next in line for US gas deal

By Noah Brenner Houston

 04 November 2011 01:16 GMT

Attention is shifting to South Korean giant Kogas as the next major player that may be looking to commit to a bet on US gas exports since the ­landmark LNG contract between BG Group and Cheniere Energy.

There are currently a handful of proposals to liquefy US-sourced gas totalling about 80 million tonnes per annum (Mtpa) under consideration, according to energy investment bank Tudor, Pickering, Holt and Company (TPH) but, so far, the BG-Cheniere deal is the only concrete contract.

TPH analysts said they thought that agreement would spur ­further interest.

“At (less than) $6 per thousand cubic feet gas and Brent (greater than) $80 per barrel, clear rationale for more NAM projects,” the bank said in a research note.

“BG’s vote of confidence makes Asian utility buyers more likely to…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index