VOL. XXXVIII

NO. 22

27-FEBRUARY-1995

Oman

Korea Gas Signs Letter Of Intent For 3Mn T/Y Of Oman LNG

The Korea Gas Corporation (KGC) signed on 22 February a letter of intent (LOI)with the Oman Liquefied Natural Gas Company (OLNGC) the joint venturecomprising the Omani Government (51%), Shell (34%), Total (6%), Partex (2%),Mitsubishi (3%), Mitsui (3%), and Itochu, (1%) for the purchase of 3mntons/year of LNG for a 25-year period beginning in the year 2000. The signatureof the agreement was officially...