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KOMIPO and Vitol sign LNG MoU

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LNG Industry,

Korea Midland Power Co. Ltd (KOMIPO) and Vitol Asia Pte Ltd have released a joint statement claiming that they have signed a memorandum of understanding (MoU) to explore upstream, midstream and downstream project opportunities in LNG.

Under an existing long-term supply and purchase agreement (SPA) that was signed in 2015, Vitol agreed to supply KOMIPO with 400 000 tpy of LNG for a 10-year period.

Hyung Koo Park, President and CEO of KOMIPO, said: “KOMIPO looks forward to developing its relationship with Vitol, our trusted partner in the LNG business.”

The CEO of Vitol Group, Russell Hardy, added, “We are delighted to strengthen our partnership with KOMIPO, a highly well-respected company in the region, and look forward to working with them on future opportunities.”

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