Total of France and Korea Gas Corporation (Kogas) signed a memorandum of understanding to expand the cooperation in exploring opportunities throughout the LNG value chain.
The main purpose of the agreement is to jointly identify and pursue opportunities to develop the LNG market in Asia and in new importing countries and to cooperate in LNG trading and terminal optimization, the statement issued on Wednesday reads.
“We are delighted to extend our long-standing cooperation with KOGAS, the world’s largest LNG buyer and regasification terminal operator, along the entire LNG value chain. Our combined expertise will contribute to the generation of successful business opportunities in various LNG and gas sectors” commented Laurent Vivier, President Gas .