LNG, Korea Oil and Gas, Kogas

In H1, Gazprom exported 1.2 mln tons of Sakhalin LNG to South Korea

In 2017, LNG supplies of Sakhalin Energy Investment Company Ltd. to South Korea amounted to 1.9 million tons, and in the first six months of 2018 - already 1.2 million tons.

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Kogas may receive up to 10% of Arctic LNG

The most likely next partner of Novatek for the Arctic LNG project is Korean Kogas.

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Conditions on Asian gas market may become unprofitable for Russia

South Korean company Korea Gas Corp (Kogas) is going to challenge the terms of a long-term contract with the North West Shelf project operator for the supply of liquefied gas.

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Russian supply of LNG to South Korea may grow to 7 mln tons by 2020

In case of conclusion of a long-term contract between Gazprom and South Korean Kogas, by 2020, liquefied natural gas supplies to the country can grow to 7 million tons, by 2030 - to 10 million tons

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Gazprom and KOGAS discuss increase in LNG supply from Sakhalin-2

Issues of further development of cooperation were discussed at the working meeting of Gazprom’s CEO Alexei Miller and president and CEO of KOGAS Jeong Seung-Il.

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Gazprom and KOGAS agree in cooperation in the field of LNG supplies

In Moscow, Gazprom and KOGAS have agreed on close cooperation in the field of liquefied natural gas supplies to Korea.

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LNG price by contract of Sakhalin Energy and Kogas in 2014 rose after cancellation of price restrictions

The LNG price by the contract between Sakhalin Energy and Kogas (South Korea) in 2014 rose significantly after the cancellation of the price restriction. This is the assessment of the National Energy Safety Fund.
In the mid 2000s Kogas signed a long-term agreement with Sakhalin Energy for the purchase of 1.5 mln tons of LNG a year from Sakhalin-2 project, with an option for the additional 0.5 mln tons. The average price by this agreement didn’t exceed $200 per ton from the moment of the start of supplies in late 2009. The additional volumes by the contract were shipped at high market prices peculiar for APR for the past years (higher average price at certain months is explained by that).
“A low price was stated in a 5-year contract. Both the supplier and buyer gained the right to bring it to the market conditions if they significantly differ. By our assessment, Sakhalin Energy was $3.5-4 bln short of net profit from the gas supply at a fixed price”, analysts of National Energy Safety Fund say.

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Korean Kogaz not to take part in LNG project in Uzbekistan

In the medium term, Korean gas corporation (Kogas) won’t be involved in a new project to produce liquefied natural gas (in Uzbekistan, a source close to the company told the RIA Novosti on Wednesday.
"Intensive negotiations were held with the Uzbek side, taking into account existing projects Kogas has no plans to expand their list," - said the agency interlocutor.

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Gazprom to supply 1 million tons of liquefied natural gas to Korea in 2012-2013

The trader Gazprom Marketing and Trading Singapore has signed an agreement with the Korea Gas Corporation on supply of 1 million tons of liquefied natural gas in 2012-2013, the Gazeta.ru reports, referring to the Bloomberg.

According to the agency, it is a question of 8 tankers of LNG.

Korea also purchases gas directly from Sakhalin Energy – last year 2.7 million tons of Sakhalin LNG was delivered to the Republic.

 

http://www.angi.ru/news.shtml?oid=2793575

Translated by Svetlana Kyrzhaly Read more »

More than 30 mln tons of LNG exported from Sakhalin over 3 years

The operator of the project “Sakhalin-2” – company Sakhalin Energy – produced more than 30 mln tons of LNG over the first 3 years of the operation of the LNG plant, it exceeds the volume of the annual gas supply to Germany.

The LNG production plant Sakhalin Energy in the South of Sakhalin was launched in February 2009. Its project capacity is 9.6 mln tons a year, which is equivalent to 5% of the LNG production in the world. RIA Novosti reports. Read more »

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