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January 12, 2011

Kogas to Order LNG Carriers

Korea Gas Corporation (Kogas) is planning to order four or five LNG ships. The vessels will be used to transport 160,000-170,000m3 of LNG from Australia's Gladstone LNG (GLNG) project. In 2010 Kogas acquired a 15% stake in the GLNG project. The South Korean comp

By cms admin

Korea Gas Corporation (Kogas) is planning to order four or five LNG ships.

The vessels will be used to transport 160,000-170,000m3 of LNG from Australia’s Gladstone LNG (GLNG) project.

In 2010 Kogas acquired a 15% stake in the GLNG project.

The South Korean company joined the project with a condition of purchasing 3.5m tons of LNG a year from GLNG for a maximum of 20 years, starting from 2015.

The newbuild order is Kogas’s first order since 2005, according to asiasis.com.

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