LNG Processing: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

RasGas to Supply 8.3M Tonnes of LNG to South Korea

Source: www.gulfoilandgas.com 10/17/2011, Location: Middle East

Share |

RasGas Company Limited (RasGas) will deliver approximately 8.3 million tonnes of liquefied natural gas (LNG) to Korea Gas Corporation (KOGAS), nearly a quarter of the total anticipated demand in South Korea this year, said His Excellency Dr. Mohammed Bin Saleh Al Sada, Qatar's Minister of Energy and Industry and Chairman of Qatar Petroleum and RasGas.

"Today, RasGas is the largest single supplier of LNG to South Korea delivering over 7 million tonnes of LNG per year on a long-term basis. In addition to our current long-term commitments, RasGas has delivered over 1 million tonnes per year of incremental spot cargoes for the past several years," said H.E. Al Sada, who was delivering his opening remarks during the first anniversary celebration of RasGas Korea Liaison Office in Seoul last week. H.E. Al Sada reiterated that Qatar's excellent relationship with Korea extends well beyond the sales and purchase of LNG to include petrochemicals, construction, shipbuilding and other industries.

"The RasGas Korea Liaison Office was established in recognition of our long standing relationship with KOGAS and South Korea and underscores the importance which RasGas and the State of Qatar place on these relationships. We are very pleased with the success of this office and believe that it has further strengthened our already strong bond with South Korea and KOGAS," he said.

"RasGas made its first sale of LNG to KOGAS, which is the largest single buyer of LNG in the world. We produce around 37 million tonnes of LNG per annum, one of the largest in the world. We are very proud of RasGas achievements and its great relations with KOGAS, and look forward to further growing this relationship with the agreement for additional long-term supply" H.E. Al Sada added.

"In 2010, the State of Qatar, through Nakilat and its LNG joint ventures took delivery of the last of 54 LNG tankers and four LPG ships built by South Korea shipyards valued at over US$13.5 billion. The nine-year ship building phase began in November 2001 and resulted in the construction of the largest LNG carriers in the world; the 266,000 cubic metre Q-Max ships. In January this year, Hyundai Heavy Industries was awarded the lump sum EPC contract for the Barzan Gas Project, the largest gas project in the region, which will start production in 2014" he said.

"The Barzan Gas Project is of great importance to the State of Qatar and we look forward to the safe and successful completion of this mammoth project. I would also like to note that the Barzan Gas Project includes an unprecedented number of Qatari employees on the project team and I would like to express my appreciation to Hyundai and RasGas management for their strong and unwavering support for the development of our nationals," H.E. Al Sada said. The State of Qatar was represented in the ceremony by Qatar's Ambassador to South Korea, H.E. Ali Hamad Mubarak Al Marri, a high level RasGas delegation led by its Managing Director, Hamad Rashid Al Mohannadi, Qatar Petroleum, Qatargas and officials from the Ministry of Energy and Industry. A number of executives from different Korean companies were also present on the occasion.

LNG Processing News in Qatar >>

Santos Reassures on Costs at $18.5B Gladstone LNG Project
  Australia >>  11/26/2014 - Australia's Santos Ltd said it is on track to produce first liquefied natural gas from its $18.5 billion Gladstone LNG project in the second half of c...
Tanzania LNG Project Could Cost up to $30 bln
  Tanzania >>  11/13/2014 - A planned liquefied natural gas (LNG) export plant to develop Tanzania's vast gas reserves could cost up to $30 billion, the energy minister said, but...

McDermott Demonstrates Effective Project Execution for Ichthys Project
  Australia >>  11/12/2014 - Through smart engineering, McDermott was able to optimize the design and constructability of the structure that translated into cost savings in both t...
Emirateslng Terminal Tender Result Due by Early 2015
  United Arab Emirates >>  11/9/2014 - The result of a tender to build a liquefied natural gas (LNG) import facility at the busy oil port of Fujairah will be announced in late 2014 or early...


Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Phase Separation  Scrubbers 


Qatar Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

More News

Oil & Gas Companies in Qatar >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed