A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Seung-Il Cheong, President and Chief Executive Officer of KOGAS, was recently held at the 4th Eastern Economic Forum in Vladivostok.
The parties discussed the state of and the prospects for wider cooperation between the companies. Special attention was paid to natural gas supplies to South Korea. Pointing to the gas demand growth in the Republic, the parties considered the prospects of increasing LNG imports to the country in the long term.
In 2017, Sakhalin Energy Investment Company Ltd. supplied South Korea with 1.9 million t of LNG. At the end of 1H 2018, supplies had already amounted to 1.2 million t.
It was emphasised at the meeting that the companies intend to continue the scientific and technical dialogue on LNG transportation, storage and utilisation, pipeline gas technologies, as well as hydrocarbon exploration and production.