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...
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