Total has signed a memorandum of understanding (MoU) with Korea Gas Corporation (KOGAS) during the LNG 18 conference in Perth, Australia, to reinforce mutual cooperation to explore opportunities throughout the LNG value chain.
The main purpose of the agreement is to jointly identify and pursue opportunities to develop the LNG market in Asia and in new importing countries and to cooperate in LNG trading and terminal optimisation.
“We are delighted to extend our long standing cooperation with KOGAS, the world’s largest LNG buyer and regasification terminal operator, along the entire LNG value chain. Our combined expertise will contribute to the generation of successful business opportunities in various LNG and gas sectors,” commented Laurent Vivier, President Gas.
Total is active in most of the major LNG producing regions as well as in the main LNG markets and continues to develop its LNG business as a key component of its growth strategy. The group has participations in LNG plants in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, Australia and Russia. Total has also secured the purchase of LNG from projects in the United States, and has long term access to regasification capacity in key global LNG markets.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/13042016/total-and-kogas-to-explore-opportunities-along-the-lng-value-chain-3024/