QATAR RASGAS DELIVERS NINE MILLION TONNES OF LNG TO KOREA’S KOGAS ANNUALLY

DOHA, Qatar, May 2 (NNN-QNA) – Qatar RasGas Company Limited (RasGas) said, it delivers more than nine million tonnes of LNG to Korea Gas Corporation (KOGAS) on an annual basis, the company said in a press release.

RasGas also announced delivering the 2,000th cargo of LNG to KOGAS on Apr 25.

The cargo was lifted by the KOGAS vessel, “SK Summit” which also carried the first cargo of LNG supplied by RasGas to Korea in Aug, 1999.

In recognition of this significant milestone, RasGas Chief Executive Officer (CEO), Hamad Mubarak Al Muhannadi, expressed pride of the long-standing partnership with KOGAS, which has been maintained for more than two decades.

He added, KOGAS is not only RasGas’ largest long-term customer, but it is also a foundation customer, expressing honour for trust they have placed in RasGas over the years, to safely and reliably deliver LNG to meet Korea’s energy needs from Qatar.

For his part, KOGAS CEO, Seung-Hoon, welcomed the memorial event of 2,000th cargo shipment and RasGas’ contributions to the uninterrupted services, in the course of delivery of LNG from Qatar to Korea.

Over the last few decades, RasGas and KOGAS have been proving the power of harmonious partnership between seller and buyer, he said, stressing his belief that, this partnership enabled this achievement today.

With operation facilities based in Ras Laffan Industrial City, Qatar, RasGas’ principal activities are to extract, process, liquefy, store and export LNG and its derivatives from Qatar’s North Field. RasGas, on behalf of the Project Owners, exports to countries across Asia, Europe and the Americas. It has a total LNG production capacity of approximately 37 million tonnes per annum.

KOGAS was established in 1983, and is now the largest single importer of LNG in the world, committed to providing clean, safe and convenient energy to the people of South Korea.

In Oct, 1995, RasGas signed its first-ever long-term SPA with KOGAS. RasGas and KOGAS have subsequently entered into two further long-term SPA’s, and today RasGas delivers more than nine million tonnes of LNG to KOGAS on an annual basis.– NNN-QNA

Source: NAM News Network

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