South Korea's state-run Korea Gas Corp (KOGAS) signed an agreement with BP ...
FILE PHOTO: The logo of KOGAS is pictured at the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier
The LNG will be delivered from Freeport LNG terminal or Calcasieu Pass. The deal could be expendable for three years at a seller’s option and is estimated to be worth up to $9.61 billion for 18 years, the ministry said. The United States is South Korea’s third largest LNG supplier, while South Korea is the top importer of U.S. LNG.
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