VOL. XXXIX

No. 21

19-February-1996

OMAN

Progress In Oman-Korea Negotiations On Long-Term LNG Supply Contract

It appears that Oman LNG has made substantial headway recently in its efforts to conclude a definitive take-or- pay sales contract with the Korea Gas Corporation (KGC). Signature of the deal would allow Oman to proceed with a single-train LNG plant at the al-Ghalilah liquefaction site (MEES, 23 October 1995). MEES understands that issues relating to price, volume, and timing...