Gazprom, Kogas talk increasing Sakhalin LNG shipments to South Korea

Russian gas giant Gazprom could boost liquefied natural gas (LNG) shipments from the Sakhalin-2 project to South Korea’s Kogas, the world’s second-largest corporate buyer of the fuel.

This was revealed during a meeting on Friday in Moscow between Gazprom’s head Alexey Miller and chief executive of Kogas Lee Seung-hun, according to a Gazprom statement.

During the meeting, Miller and Lee Seung-hun discussed the status of LNG supplies to South Korea from the Sakhalin-2 project, as well as the potential for increasing exports, the statement said.

The two officials also talked boosting cooperation between the companies.

To remind, Kogas and Sakhalin Energy, the operator of the Sakhalin 2 LNG project, signed an agreement in 2005 for the supply of 1.5 million tons of LNG per year to South Korea.

LNG World News Staff