No. 25



Oman And Korea To Sign Heads Of Agreement On Long-Term LNG Supply

Oman LNG and the Korea Gas Corporation (KGC) announced on 12 March that they have agreed to sign a heads of agreement (HOA) for the sale of 4mn tons per year of LNG beginning in the year 2000 and to enter into a memorandum of understanding on the sale of 5% of Oman LNG to a Korean party. Although the announcement clearly demonstrates that the two parties are making progress towards the...