Qatar Petroleum signs 20-year LNG deal with KOGAS
The Peninsula
Doha: Qatar Petroleum entered into a new, 20-year Sale and Purchase Agreement (SPA) with Korea Gas Corporation (KOGAS) for the supply of 2 million tons per annum (MTPA) of LNG to the Republic of Korea.
The agreement was signed today by H E Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and Hee-Bong Chae, the President and CEO of KOGAS, during a special ceremony held at Qatar Petroleum’s headquarters. The ceremony was attended by senior executives from KOGAS, Qatar Petroleum, and Qatargas. Pursuant to the SPA, LNG supplies will commence in January 2025, and will be delivered to KOGAS’ LNG receiving terminals in the Republic of Korea.
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