KOGAS Mulls GLNG Stake Sale, Australia

KOGAS of  South Korea, world’s largest corporate buyer of LNG, said a filing to the stock exchange that it may sell at least part of the company’s 15 percent stake in Australia’s GLNG project.

KOGAS bought the GLNG stake in 2011. The company has also signed a deal with GLNG to buy 3.5 mtpa of LNG from the project.

The GLNG project is a US$18.5 billion joint-venture between Santos and three of the world’s largest energy companies, PETRONAS, Total and KOGAS.

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LNG World News Staff, September 26, 2013; Image: GLNG