A 20-year Sales and Purchase Agreement (SPA) has been signed between Qatar Petroleum and Korea Gas Corporation (KOGAS) for the supply of two million tonnes per annum (MTPA) of liquefied natural gas (LNG) to the Republic of Korea.
The LNG will be delivered to KOGAS’ LNG receiving terminals in the Republic of Korea and delivery itself will begin in January 2025.
A ceremony held at Qatar Petroleum’s headquarters saw the agreement signed by Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and Hee-Bond Chae, President and CEO of KOGAS.
Commenting on the deal, Al-Kaabi said, “We are both proud and delighted to continue to serve as a major LNG supplier to KOGAS and the Republic of Korea.”
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