Regional LNG: Total, KOGAS extend cooperation along the entire LNG value chain
Thursday, April 14 2016 - 12:51 AM WIB
Total has signed a memorandum of understanding (MoU) with Korea Gas Corporation (KOGAS) during the recent LNG 18 conference in Perth, Australia, to reinforce mutual cooperation to explore opportunities throughout the LNG value chain.
Total said in a statement Wednesday that 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 optimization.
?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 of Gas at Total.
Total is a world leader in LNG, with solid and diversified positions along the entire value chain and LNG production of 10.2 million tons in 2015. 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.
Editing by Reiner Simanjuntak