The Peninsula reported that RasGas Company Limited will deliver approximately 8.3 million tonnes of liquefied natural gas to Korea Gas Corporation nearly a quarter of the total anticipated demand in South Korea this year.

Dr Mohammed bin Saleh Al Sada Qatar’s minister of energy and industry and chairman of Qatar Petroleum and RasGas said that "Today, RasGas is the largest single supplier of LNG to South Korea delivering over 7 million tonnes of LNG per year on a long term basis. In addition to our current long term commitments, RasGas has delivered over 1 million tonnes per year of incremental spot cargoes for the past several years."

Dr Al Sada reiterated that Qatar's excellent relationship with Korea extends well beyond the sales and purchase of LNG to include petrochemicals, construction, ship building and other industries. The RasGas Korea Liaison Office was established in recognition of our long standing relationship with Kogas and South Korea and underscores the importance which RasGas and the State of Qatar place on these relationships.

He said that RasGas made its first sale of LNG to Kogas which is the largest single buyer of LNG in the world. We produce around 37 million tonnes of LNG per annum, one of the largest in the world. We are very proud of RasGas achievements and its great relations with Kogas and look forward to further growing this relationship with the agreement for additional long-term supply.

He added that in 2010, Qatar, through Nakilat and its LNG JV took delivery of the last of 54 LNG tankers and four LPG ships built by South Korea shipyards valued at over USD 13.5 billion. The 9 year ship building phase began in November 2001 and resulted in the construction of the largest LNG carriers in the world the 266,000 cubic meter Q-Max ships.

(Sourced from the Peninsula)