Kogas of South Korea Agrees to Pay More for Yemeni LNG

Kogas of South Korea, the world’s largest corporate buyer of LNG, has reportedly agreed to pay a higher price of $14 per million Btu for the LNG it purchases from Yemen.

The new price was made effective retroactively to January 1, 2014 and negotiations are still underway with Total and GDF Suez,” Abdulqawi Al-Odain, head of the Media Department of the Ministry of Oil and Minerals, told the Yemen Times.

KOGAS earlier paid $3.15 per million Btu for the LNG it imports from Yemen.

Total-run Yemen LNG has three long-term contracts with GDF Suez, Total and Kogas.

GDF Suez’ contract is for 2.5 million mt/year for North America, Total for 2 million mt/year for the US, and Kogas 2 million mt/year for its domestic market.

LNG World News Staff, February 5, 2014; Image: Yemen LNG

Share this article

Follow LNG World News

One thought on “Kogas of South Korea Agrees to Pay More for Yemeni LNG”

Comments are closed.

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >