Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Companies / South Korea

South Korea-Qatar LNG Supply Contract Inked

April 2006 | Contract News

South Korea and Qatar recently inked an energy agreement which should see the Gulf emirate exporting more oil and gas to the Asian country. While agreement details have yet to be made public, South Korea is in the market to secure long-term supply contracts for liquefied natural gas (LNG), in the hopes of LNG imports reaching 4.5mn tonnes per annum (tpa). Qatar, as one of the Middle East's leading LNG exporters, is in a good position to meet some of this demand, with LNG exports from the country forecast to rise to 51.4bn cubic metres (bcm) as additional capacity is

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