Shell joint ventures win Kogas tender - Shell's LNG leadership reinforced
Posted: 16 February 2005
Shell has announced that Kogas, the Korean gas company has selected Shell joint venture projects – Sakhalin II and Malaysia LNG as suppliers of up to four million tonnes per annum (mtpa) of Liquefied Natural Gas (LNG) to Korea over 20 years beginning in 2008. Kogas is the world’s largest buyer of LNG and Korea is the second largest LNG market in the world.
Peter de Wit, President Shell Gas & Power Asia Pacific said: "The selection of two Shell joint ventures in such an important tender underlines Shell's global LNG leadership. It also reflects the strengthening of the Asia Pacific market reflecting an overall increase in global demand for LNG and the value of our diverse portfolio of LNG projects."
The Asia Pacific market is the largest LNG market globally with some 84 mtpa of demand today and a predicted 180 mtpa of demand in 2020. Shell has been a leader in the development of the Asia Pacific LNG market since its inception. Shell joint venture projects currently supply a substantial proportion of Korean LNG demand.
Mr de Wit added: "Shell projects have been consistent and reliable suppliers to customers in Asia - maintaining supply and honouring commitments to established customers for more than 30 years."
Posted by Editor Pipeline Magazine
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