No. 29



Oman And Korea Sign Agreement Confirming Main Terms Of LNG Supply Deal

Oman LNG and the Korea Gas Corporation (KGC) signed on 1 April an agreement confirming the sale of 4mn tons per year of liquefied natural gas from Oman to KGC. The agreement, which spans 25 years beginning in 2000, defines all the main terms and conditions of the FOB arrangement including price (for a description of the pricing formula see MEES, 18 March). The agreement, initialed...