KOGAS Signs MOU with Kitimat LNG for 40 Percent of LNG Production
Posted on Jun 2, 2009 in Canada & Mexico, Liquefaction, Markets and Competition | Comments Off on KOGAS Signs MOU with Kitimat LNG for 40 Percent of LNG Production
Yesterday Kitimat LNG announced that it has signed a Memorandum of Understanding with Korea Gas Corporation (KOGAS). Under the terms of the agreement, KOGAS will acquire 40% of the LNG produced at the planned Kitimat LNG liquefaction facility (estimated at 2 million tons annually) over a 20 year period. The agreement also provides an option for KOGAS to acquire an equity stake in the Kitimat LNG facility.