Gazprom and KOGAS discuss LNG supplies and further cooperation
Background
KOGAS is focused on the construction and operation of LNG receiving terminals and gas distribution networks, the implementation of international gas projects, and research and development in the gas industry.
In 2016, Gazprom and KOGAS inked an Agreement of Cooperation. The document envisages a broader cooperation in the field of LNG supplies and reflects the parties’ intention to implement joint projects in LNG production, transportation and regasification and in gas-fired power generation. In addition, the Agreement outlines the key avenues of cooperation, including in research and development, energy efficiency, environmental protection, and the NGV sector.
In 2005, Sakhalin Energy Investment Company Ltd. and KOGAS signed the contract for the supply of 1.5 million tons of LNG per year from the Sakhalin II project.
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