KOGAS to boost LNG fleet

Seoul: Korea Gas Group is to boost its LNG fleet through an order for four LNG ships next year. "The four carriers will be deployed for specific contact transportation, and will be built in Korean yard," a KOGAS official said.

The vessels are expected to cater to KOGAS's newly signed 20 year contract with Australia-based Gladstone LNG to import 3.5m tons of natural gas every year from 2015. It is the first long-term contract after signed by the company since its 2007 agreement with Qatar.  [23/12/10]