RasGas
and KOGAS sign sixth spot cargo sales agreement
Posted: 29 September 2003
Representatives of Ras Laffan Natural Gas Company Limited (RasGas)
and Korea Gas Corporation (KOGAS) met in Bangkok, Thailand, on September
26, 2003, to sign the Sixth Spot Sales Agreement, encompassing 9
cargoes of LNG to be delivered to KOGAS October 2003 through March
2004.
RasGas Managing Director, Jerry J. Wolahan, and KOGAS’ Executive
Vice President Marketing, S. H. Yoon, signed the agreement. Also
present at the signing ceremony, were RasGas Administration Manager,
Abdulla H. Al-Abdulla, and PR Manager, Abdullah Hashim.
Since first production in 1999, RasGas has delivered over 290 cargoes
to KOGAS including base contract volumes of 4.9 Million Metric Tonnes
per Annum (MMTA) and additional spot sales, to assist KOGAS in meeting
Korea’s seasonal peak demand during winter. The ‘Sixth
Spot Sales Agreement’ represents an additional milestone in
the thriving RasGas/KOGAS relations.
Ras Laffan Liquefied Natural Gas Company Limited was established
in 1993 to produce LNG and related products from a designated area
within the North Field, the largest offshore non-associated natural
gas field in the world. Two onshore LNG trains were constructed
with the capacity to manufacture 6.6 MMTA of LNG per year, together
with 45,000 barrels per day of condensate and 300 tonnes per day
of solid sulphur.
The Korea Gas Corporation (KOGAS) was established in 1983 by the
Korean Government to provide a convenient form of clean-burning
energy - natural gas. KOGAS’ portfolio of energy business
interest include the production and supply of natural gas, purification
and selling of gas-related by-products, the building and operating
of production facilities and distribution networks and the importing
and exporting of Liquefied Natural Gas (LNG) for domestic and overseas
markets.
Posted by Richard Price,
Editor Pipeline Magazine
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