VOL. XL

No. 51/52

22/29-December-1997

UAE

As Second LNG Deal Falls Victim To Asia's Economic Turmoil,Mideast Producers Weigh Joint Marketing Effort

It appears that a second liquefied natural gas supply deal from the Middle East hasfallen victim to the ongoing economic turmoil in Asia. Cancellation of the arrangement, aheads of agreement between Korea Gas Corporation (KOGAS) and the Abu Dhabi GasLiquefaction Company (Adgas) signed earlier this year, follows on the footsteps of arecent decision by...