Total, Korea Gas Corp to cooperate in LNG trading

9:27 AM, 15th April 2016

PERTH, AUSTRALIA: Total SA said it has signed a memorandum of understanding (MoU) with Korea Gas Corporation (KOGAS), to reinforce mutual cooperation to explore 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.

“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,” said Laurent Vivier, president of gas division, Total.

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