Qatar Petroleum signs 20 years LNG agreement with KOGAS

Qatar Petroleum said it signed a new, 20-year Sale and Purchase Agreement (SPA) with Korea Gas Corporation (KOGAS) for the supply of 2 million tons per annum (MTPA) of LNG to the Republic of Korea.

The company said that they will supply LNG starting in January 2025, and will be delivered to KOGAS’ LNG receiving terminals in the country.

Qatar already supplies KOGAS with more than 9 MTPA through long-term agreements, which makes it the largest supplier of LNG to  Korea. 

Qatar Petroleum’s LNG ventures have delivered more than 2,500 LNG cargoes, totaling almost 185 million tons, to Korea, since 1999.