Spain: Gas Natural Fenosa, KOGAS Sign LNG Deal

Gas Natural Fenosa said it has signed an agreement with KOGAS of South Korea to supply the world’s largest corporate buyer of LNG with 1-1.5 bcm of gas over the next two years.

The deal strengthens the position of Gas Natural Fenosa as a global LNG operator and reinforces its growth in Asia, the company said in a statement.

Gas Natural Fenosa has a natural gas and LNG supply portfolio of around 30 bcm and a fleet of 10 LNG tankers (7 belonging to Gas Natural Fenosa, 2 Unión Fenosa Gas and 2 jointly owned by Repsol), making it one of the major global LNG operators and the benchmark company in the Atlantic basin and the Mediterranean.

[mappress]

LNG World News Staff, September 12, 2013; Image: Gas Natural Fenosa