S. Korea Is Iran New Nat­u­ral Gas Client

Iran News - - FRONT PAGE -

SEOUL (Dis­patches) - State-run Korea Gas Corp (KOGAS), the world’s sec­ond-largest sin­gle buyer of liq­ue­fied nat­u­ral gas (LNG), says it plans to im­port nat­u­ral gas from Iran as well as ex­plore op­por­tu­ni­ties to ac­quire gas field stakes in the coun­try.

A KOGAS of­fi­cial said the com­pany was look­ing to di­ver­sify its im­port sources as sup­ply con­tracts with Qatar and Oman were set to ex­pire by 2015.

“Iran is rich in nat­u­ral gas so we would like to work closely with both public and pri­vate en­ergy com­pa­nies there,” the of­fi­cial was quoted by Korea Times as say­ing.

In May 2016, Iran awarded a deal to carry out tech­ni­cal stud­ies on the off­shore Balal gas field in the Per­sian Gulf to KOGAS.

An Ira­nian of­fi­cial said in June this year that the coun­try was work­ing on a plan to de­velop small-size gas liq­ue­fac­tion units with South Korean com­pa­nies, in­clud­ing KOGAS.

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