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Thursday, 08 January, 2009, 23:30 GMT | more >>

Kogas to renew NWS supply contract



By Upstream staff 

South Korea’s Kogas is set to renew its contract for the purchase of liquefied natural gas from the Woodside-led North West Shelf LNG project in Western Australia.

Reuters quoted Kogas LNG purchase team manager Jang Gi-Hoon as saying that the contract for 500,000 tonnes of LNG per annum should be signed by the end of this year.

He added that the company aims to add about 2 million tpa to their medium-term contract supplies by 2010.

Jang also said that Kogas may soon become a less active player on the spot market for LNG as it aimed to expand its storage capacity from 2.3 million tonnes of LNG to 3.8 million tonnes by 2011.

North West Shelf Australia LNG’s customers are mostly Japanese and South Korean and include Tokyo Gas, Kansai Electric, Toho Gas, Chugoku Electric & Power and Kogas.

The six equal partners in the project are Woodside, BHP Billiton, BP, Shell, Chevron and Japan Australia LNG.


Wednesday, 08 November, 2006, 07:28 GMT  | last updated: Wednesday, 08 November, 2006, 07:43 GMT

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