South Korean LNG importers team up to lower costs

摘要

Seoul—State-owned Korea Gas Corp. and the country’s four other LNG importers—Posco Energy, SK E&S, GS Energy and Korea Midland Power—have signed an agreement to set up a Council of Korean LNG Buyers to jointly procure cargoes and look at other ways to collectively drive down import costs. “Through the council, the five LNG importers will discuss ways to secure stable supplies and promote cooperation in the development and production of natural gas and the expansion and joint use of their LNG facilities,” Kogas said in a statement