Gazprom informed that a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Seung-Il Cheong, President and CEO of KOGAS, took place in Moscow earlier this week.
The purpose of the meeting was to address the status of LNG supplies to South Korea from the Sakhalin II project, as well as the potential for increasing exports.
The two parties also discussed the possible prospects for further collaboration between the companies.
In 2016, Gazprom and KOGAS signed an Agreement of Cooperation, for a further cooperation in the field of LNG supplies. Before that, in 2005, Sakhalin Energy Investment Company. and KOGAS signed a contract for the supply of 1.5 million tons of LNG per year from the Sakhalin II project.
Sakhalin II is one of the world’s largest integrated, export-oriented, oil and gas projects, as well as Russia’s first offshore gas project. The project infrastructure includes three offshore platforms, an onshore processing facility, 300 kilometres of offshore pipelines and 1,600 kilometres of onshore pipelines, an oil export terminal and an LNG plant.