VOL. XXXVIII

NO.28

10-April-1995

Qatar

SouthKorean Acceptance Of Qatari LNG Price Formula Opens Door To Sales Agreement

MEESlearns that Korea Gas Corporation (KGC) has accepted the liquefied natural gas(LNG) price formula proposed by Qatar General Petroleum Corporation (QGPC), andthat this step has opened the way for the future signature of a sales andpurchase agreement with the Ras Laffan LNG (Rasgas) venture (70% QGPC, 30%Mobil). It is understood that KGC has agreed to the option of either an...