The Strategist

Qatar and South Korea discuss energy cooperation



04/19/2022 - 05:49



Saad al-Kaabi, Qatar's Minister of State for Energy, met with Moon Sung-wook, South Korea's Minister of Trade, Industry, and Energy, in Doha, to discuss energy cooperation.



piqsels
piqsels
"During the meeting, discussions centered on energy relations, cooperation between Qatar and Korea, and methods to strengthen them," according to the press release.

Last July, South Korea agreed to supply from Qatar additional two tons of LNG per year for the next 20 years, beginning in 2025.

KOGAS, South Korea's state-owned gas business, presently purchases nine tons of LNG from Qatar per year, with a new contract for 4.9 tons of LNG likely to be signed by the end of 2024.

Previously, Qatar's Minister of Energy stated that 80 percent of the LNG generated by the country is sold to Asian purchasers, while just 20% is sold to European buyers.

source: reuters.com




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