Tag Archives: Korea Gas Corporation (KOGAS)

One of the world’s top buyers of liquefied natural gas (LNG) is trying to defer some shipments scheduled through this year as the coronavirus outbreak cripples demand and as it grapples with brimming inventories. The move signals that efforts to curb the spread of Covid-19 may impact energy consumption far …

Despite Korea’s relatively short history of exploration. Kogas has succeeded in gas exploration in Mozambique and Myanmar.

The consortium has been awarding preliminary contracts worth billion to subcontractors for the construction of the facility.

Kogas is now expanding its business in the global market and is participating in 13 exploration and production projects.

Political factors are one of the reasons that Novatek’s Arctic-2 LNG project in Russia has a high chance of succeeding.

The company plans to invest around 3 trillion won ($2.6 billion) in the global projects between now and 2025.

China’s LNG imports may surge 70 percent to 65 million tonnes by 2020.

The new investment plan was set to meet the rising demand for LNG bunkering.

Sakhalin Energy is a joint venture between Gazprom (50%). Shell (27.5%) and Japanese trading houses Mitsui (12.5%) and Mitsubishi (10%).

South Korea in 2017 imported roughly 30% of its total supply from Qatar.