RasGas Delivers Nine Million Tonnes of LNG to Korea's KOGAS Annually

Doha, May 01 (QNA) - RasGas Company Limited (RasGas) said it delivers more than 9 million tonnes of LNG to Korea Gas Corporation (KOGAS) on an annual basis, the company said in a press release on Monday. RasGas also announced delivering the 2000th cargo of LNG to KOGAS on April 25. The cargo was lifted by the KOGAS vessel, "SK Summit", which also carried the first cargo of LNG supplied by RasGas to Korea in August 1999. In recognition of this significant milestone, RasGas Chief Executive Officer (CEO) Hamad Mubarak Al Muhannadi expressed pride of the long-standing partnership with KOGAS, which has been maintained for more than two decades. He added that KOGAS is not only RasGas' largest long-term customer, but it is also a foundation customer, expressing honor for trust they have placed in RasGas over the years to safely and reliably deliver LNG to meet Korea's energy needs from Qatar. For his part, KOGAS CEO Seung-Hoon welcomed the memorial event of 2000th cargo shipment and RasGas' contributions to the uninterrupted services in the course of delivery of LNG from Qatar to Korea. Over the last few decades, RasGas and KOGAS have been proving the power of harmonious partnership between seller and buyer, he said, stressing his belief that this partnership enabled this achievement today. RasGas Company Limited (RasGas) is a Qatari joint stock company established in 2001 by Qatar Petroleum and ExxonMobil RasGas Inc. RasGas acts as the operating company for and on behalf of the owners of the liquefied natural gas (LNG) projects RL, RL (II) and RL3 (Project Owners). With operations facilities based in Ras Laffan Industrial City, Qatar, RasGas' principal activities are to extract, process, liquefy, store and export LNG and its derivatives from Qatar's North Field. RasGas, on behalf of the Project Owners, exports to countries across Asia, Europe and the Americas. It has a total LNG production capacity of approximately 37 million tonnes per annum. KOGAS was established in 1983 and is now the largest single importer of LNG in the world, committed to providing clean, safe and convenient energy to the people of South Korea. In October 1995, RasGas signed its first-ever long-term SPA with KOGAS. RasGas and KOGAS have subsequently entered into two further long-term SPAs, and today RasGas delivers more than 9 million tonnes of LNG to KOGAS on an annual basis. (QNA)