13 September 2012 09:26 [Source: ICIS news]
SINGAPORE (ICIS)--French energy firm Total has signed an agreement with KOGAS for the purchase of 700,000 tonnes/year of liquefied natural gas (LNG) from the ?xml:namespace>
The commercial agreement between Total gas trading affiliate – Total Gas & Power – and KOGAS stipulates that the LNG will be lifted following the start-up of the
Financial details of the transaction were not disclosed.
“With this agreement, we are consolidating our leadership in a growing LNG market and taking a position in an LNG export market that is emerging in the US,” said Total Gas & Power president Philippe Sauquet said in the statement.
Previously, Total and KOGAS had signed a sale and purchase agreement for 2m tonnes/year of LNG from
The Sabine Pass LNG terminal, owned and operated by Houston-based Cheniere Energy, has regasification and send-out capacity of 4.0bn cubic feet (bcf)/day.
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