VOL. XLVII

No 14

05-April-2004

QATAR

$1.90/MN BTU Is ExxonMobils Minimum Price Guarantee For Kogas Deal Through 2009

ExxonMobil is providing RasGas with an LNG minimum price of $1.90/mn BTU through 2009 and $1.65/Mn BTU thereafter for the latters long-term gas supply deal with the Korea Gas Corporation (Kogas), according to a Standard & Poors (S&P) ratings report on RasGas published on 23 February. ExxonMobil holds a 26.5% stake in RasGas. The report says that the key contract, the...