Exxon, Korea Oil and Gas, Kogas

Korean Kogas to build a dimethyl ether plant in the Far East for $470 million

Korean Kogas is ready to build a plant producing dimethyl ether at a cost of $470 million in the Far East, General Director of Kogas Vostok Chan Son Lee said at Sakhalin Oil and Gas international conference, Interfax reports.

As he said, the project has no financial risks. "We are going to purchase the whole voulme of the products made at this plant, thus Russia won't have to search for any sales markets", the General Director said.
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