rss icon Subscribe
desktop mobile

KOGAS in LNG Arbitration with North West Shelf Gas

South Korea's state-run Korea Gas Corp (KOGAS) has gone into an arbitration with Australia's North West Shelf Gas to settle a liquefied natural gas (LNG) contract that ended in 2016, a company spokesman said on Monday.
The KOGAS spokesman declined to give further details. Woodside Petroleum, the operator of the North West Shelf joint venture was not immediately available for comment.
The arbitration relates to a difference over an agreed price renegotiation during a mid-term supply contract, a source familiar with the matter told Reuters, declining to be named due to the sensitivity of the matter.
South Korea imports most of its LNG through the country's sole LNG wholesaler KOGAS, which brings in over 30-31 million tonnes per year of LNG, mainly from Qatar and Australia.
(Reporting By Jane Chung, Henning Gloystein and Jessica Jaganathan; editing by Richard Pullin)

Feb 12, 2018

 

Contracts

Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale

© Fotosenmeer / Adobe Stock

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron

MAN Propulsion for 7 Russian Factory Trawlers

(Image: MAN Energy Solutions)

MAN Energy Solutions said it has won the contract to supply propulsion systems for seven new

Austal Awarded Two More Independence-variant LCS

(U.S. Navy photo courtesy of Austal USA)

The U.S. Navy awarded a contract modification to shipbuilder Austal USA to build two additional

Energy

Chevron, ExxonMobil, Occidental Petroleum Join Oil and Gas Climate Initiative

Image: Oil and Gas Climate Initiative

The Oil and Gas Climate Initiative (OGCI) announced three new member companies that together

Goliat Oilfield Shut for Maintenance

(Photo: Eni)

Oil production at Eni's Arctic Goliat field off the coast of Norway was shut on Monday for planned

Iran Floats Surplus Oil as Demand Falls Ahead of US Sanctions

© Kees Smits / MarineTraffic.com

Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the

Maritime Apps