VOL. XXXVIII

NO. 31

1-MAY-1995

Qatar

Korea's KGC Agrees To Qatar's Floor Price For LNG

MEES learns that the crucial breakthrough in the gas supply negotiationsbetween the Ras Laffan LNG venture (70% Qatar General Petroleum Corporation, 30%Mobil) and the Korea Gas Corporation (KGC) was reached when KGC agreed inprinciple to the price formulas proposed by Qatar. The formula is the same asthat employed in the earlier sale of Qatari liquefied natural gas (LNG) toJapan's Chubu Power Company.

According...