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Qatar Petroleum (QP) has finalized a 20-year sale and purchase agreement to supply liquefied natural gas (LNG) to Korea.
The agreement with Korea Gas Corporation (KOGAS) covers the supply of 2 million tons-a-year of LNG, QP said in a filing.
Shipments will start by January 2025, and will be delivered to KOGAS’ LNG receiving terminals in Korea.
Qatar currently supplies KOGAS with more than 9 million tons each year through long-term agreements, making it the largest supplier of LNG to the Republic of Korea, QP said.
