Friday, September 20, 2019
KOGAS to Expand Cooperation with Russian Energy Companies
Interested in Developing Arctic LNG
KOGAS to Expand Cooperation with Russian Energy Companies
  • By Jung Min-hee
  • September 11, 2019, 13:41
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KOGAS president Chae Hee-bong (left) poses for a photo shoot with Leonid Mikhelson, chairman of Novatek at the 5th Eastern Economic Forum (EEF) in Vladivostok, Russia on Sept. 4 (local time).

Korea Gas Corp. (KOGAS) will expand cooperation with Russian energy companies in the natural gas sector.

The company held discussions on cooperation with major Russian energy companies at the 5th Eastern Economic Forum (EEF) held in Vladivostok, Russia for four days from Sept. 3 (local time), KOGAS said.

"Korea will forge a strategic partnership with Russia, which has the largest natural gas reserves in the world, in such fields as gas pipelines, Arctic LNG development, and bunkering among others," said KOGAS president Chae Hee-bong.

KOGAS is looking to work with Novatek, which is planning to produce more than 50 million tons of LNG by 2030 based on Arctic underground resources.

Chae also met Alexi Miller, president of Gazprom, the world's largest energy company, to discuss bunkering projects, scientific and technological information exchanges, and pipeline natural gas (PNG) cooperation.

Chae also shared opinions on cooperation in developing energy resources for the Arctic coast with Leonid Gennadievich Petukhov, director general of the Far Eastern Agency for Attracting Investments and Supporting Exports.