Kogas, Total Conclude U.S. LNG Deal

South Korea’s Kogas, world’s largest corporate buyer of LNG, has reportedly formalized a deal to resell 700,000 mt/year of LNG from U.S. Sabine Pass terminal to Total for 20 years starting 2017.

The price will be linked to the Henry Hub gas price,” Platts cited a Kogas official as saying.

The selling price will be same as the price Kogas imports from the Sabine Pass project,” he added.

The volume will be part of a deal that Kogas signed with Sabine Pass Liquefaction, a Cheniere unit, under which the company has agreed to purchase approximately 3.5mt/year of LNG upon the commencement of train three operations.

The LNG deal comes following the passing of legislation in South Korea’s parliament on 31st December, that allows LNG importers to resell quantities of their gas to overseas markets.

LNG World News Staff, January 10, 2014; Image: Cheniere

Share this article

Follow LNG World News

One thought on “Kogas, Total Conclude U.S. LNG Deal”

Comments are closed.

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >