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KOGAS says searching for LNG opportunities globally

Korea Gas Corp is scouring the world for gas development opportunities Korea Gas Corp (KOGAS) said that it is scouring the world for gas development opportunities and is convinced that as oil reserves dwindle Asian gas prices will no longer be linked to an oil benchmark."Demand is increasing, however there is more opportunity to find more gas all around the world," Kangsoo Choo, president and CEO, Korea Gas Corporation said at a global gas conference in Kuala Lumpur."There are no limits-- wherever there is gas, we will go," Choo said.Choo also said that gas prices will no longer be linked to an oil benchmark, as they are currently in much of Asia, but declined to specify when the two prices would diverge.Source: Reuters

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Close ties between DNV and KOGAS in LNG research and development

DNV has signed a MOU with Korea Gas Corporation for LNG sector On 12 April 2012, DNV and Korea Gas Corporation (KOGAS) agreed to cooperate on research and development in the LNG sector. Based on the signed MOU, DNV and KOGAS will co-organise conferences and cooperate on R&D projects throughout the entire LNG value chain, from upstream to downstream, including gas reservoir exploration, natural gas production, liquefaction, transportation, storage, regasification and supply."DNV has maintained a good relationship with KOGAS, providing several SHE risk management services that include EHSQ evaluation and safety culture assessment. We're happy to expand our cooperation to the research area and further our long-term partnership with KOGAS. Based on our expertise in the LNG industry, we anticipate helping KOGAS to acquire innovative technology and strengthen its position in the global market," says Mr Jon Rysst, Regional Manager for DNV Korea and Japan.Mr. Jon Rysst (left), the Regional Manager for DNV Korea & Japan and Mr. Yang, Young Myung (right), Head of R&D Division of KOGAS signed a MOU to cooperate on R&D in LNG sector.As the sole LNG provider in Korea, KOGAS is continuously expanding its investment in foreign resource development projects and acquisitions of non-conventional gas, ...

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