Wednesday, September 16, 2009
Korea Gas Corp agrees to buy Gorgon gas
Korea Gas Corp has agreed to buy 1.5 million tons of liquefied natural gas a year from Chevron. The gas will come from the Gorgon gas project. It is the largest long-term LNG deal ever signed between Australia and South Korea and is estimated to be worth 30 billion Australian dollars ($26 billion). The South Korea government-owned buyer has an option to extend the 15-year agreement for a further five years.
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