VOL. XL

No. 27

7-July-1997

QATAR

Ras Laffan LNG And Korea Gas Sign 4.8mn Ton/Year Sales And Purchase Contract

It may have been expected, but signature on 30 June of a sales and purchase agreementbetween Ras Laffan Liquefied Natural Gas Co. (RasGas) and the Korea Gas Corp. (KOGAS)doubling the Korean firm's purchase commitments to 4.8mn tons per year nonethelessrepresents a major achievement for the gas export venture and the culmination of 20 monthsof arduous negotiations. The turning point in...