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Foster Wheeler Awarded FEED Contracts By S-OIL Corporation For Residue Upgrading Project In South Korea
Foster Wheeler AG (Nasdaq:FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by S-OIL Corporation for the front-end engineering design (FEED) for a residue upgrading project at S-OIL’s Onsan refinery in Ulsan, South Korea.

date.png14 Mar 2014 12:22 | comments.png 0 Comments | tags.png asia engineering foster-wheeler korea refinery s-oil [ More ]

Woodside Signs Sales Agreement With Korea Gas Corporation
Woodside advises that it has signed a sales and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for a maximum supply of up to approximately 2.2 million tonnes of liquefied natural gas (LNG) over a three year period commencing in April 2014.

LNG delivered to KOGAS under the SPA will primarily be sourced from previously uncommitted volumes from the Woodside-operated Pluto LNG Plant. The agreement is subject to a number of conditions including obtaining necessary government approvals.

Other terms of this agreement are commercial-in-confidence.

Existing Pluto LNG agreements with foundation buyers provide for LNG delivery of an ex-ship equivalent of approximately 3.25 million tonnes per annum (mtpa). This comprises Kansai Electric 1.75 mtpa and Tokyo Gas 1.5 mtpa. The previously stated delivery to foundation buyers of up to 3.75 mtpa (as announced on 27 July 2007), which includes foundation buyer options of up to 0.5 mtpa, no longer applies.

Woodside CEO Peter Coleman welcomed this agreement with KOGAS and noted it demonstrated Woodside’s ability to supply LNG using increasingly flexible and innovative arrangements.

date.png02 Mar 2014 14:35 | comments.png 0 Comments | tags.png asia kogas korea lng woodside [ More ]

Eni signs mid-term agreement for the sale of LNG to Japan and South Korea
Eni has signed a tripartite agreement with Korea Gas Corporation and Chubu Electric Power Company for the sale of 28 cargoes of LNG (or 1,7 Mton of LNG) over the period 2013-2017.

date.png12 Jan 2013 17:49 | comments.png 0 Comments | tags.png asia chubu eni japan kogas korea [ More ]

Gazprom Marketing & Trading Singapore and KOGAS sign mid-term LNG agreement
Gazprom Marketing & Trading Singapore (GM&T Singapore), a wholly owned subsidiary of Gazprom, has signed a sale and purchase agreement with Korea Gas Corporation (KOGAS), South Korea’s largest natural gas company. Under the agreement, GM&T Singapore will supply up to eight cargoes of Liquefied Natural Gas (LNG) per annum to KOGAS in 2013 and 2014, totalling up to 1 million tonnes over the two years. The supply will come from GM&T’s diversified portfolio.

date.png11 Oct 2012 09:15 | comments.png 0 Comments | tags.png asia gazprom kogas korea lng singapore [ More ]

Vitol Agrees Long Term Lng Supply Contract With Komipo
Vitol SA today announced that it has signed a long-term Supply & Purchase Agreement (SPA) with KOMIPO, the Major Korean power company for the annual supply of 400,000 tons of liquefied natural gas (LNG) for 10 years starting in 2015.

date.png10 Apr 2012 12:47 | comments.png 0 Comments | tags.png asia komipo korea lng vitol [ More ]

Yemen LNG and Total Gas and Power increase the number of LNG diversions to Korea
Under the Sales and Purchase Agreement signed in 2005 between Yemen LNG and Total Gas and Power, the Gulf of Mexico and Western Europe are the primary destinations for LNG sales. Yet since the commencement of Yemen LNG production in 2009, up to 15 cargoes by year are diverted to the more rewarding Asian markets.

date.png20 Feb 2012 13:58 | comments.png 0 Comments | tags.png korea lng total yemen [ More ]

RasGas signs new LNG Sales and Purchase Agreement with KOGAS
RasGas Company Limited (RasGas) announced today that Ras Laffan Liquefied Natural Gas Company Limited (3) (RL 3) has entered into a new Long Term Liquefied Natural Gas Sales and Purchase Agreement (SPA) with South Korean state-owned energy company Korea Gas Corporation (KOGAS). The agreement was signed by His Excellency Dr Mohammed Bin Saleh Al Sada, Minister of Energy and Industry for the State of Qatar, and Chairman of RasGas and RL 3, and Mr Park Young Sung, KOGAS Executive Vice President and Chief Operating Officer.

date.png12 Feb 2012 16:29 | comments.png 0 Comments | tags.png kogas korea lng qatar rasgas trading [ More ]

S-OIL signs 20-year long-term crude supply contract with Saudi Aramco
S-OIL said that it signed 20-year long-term crude supply contract on Feb. 8th (Saudi local time) with Saudi Aramco, the state-owned oil company of Saudi Arabia, in Dhahran, Saudi Arabia.

date.png09 Feb 2012 07:02 | comments.png 0 Comments | tags.png korea refinery s-oil saudi-aramco [ More ]

Honeywell’s UOP Selected to Provide Technology for Petrochemical and Fuels Production in South Korea
UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by Samsung Total Petrochemicals Co., Ltd. to provide technologies for the production of key petrochemicals and high-quality diesel and jet fuel at its complex in Daesan, South Korea.

date.png20 Jan 2012 08:04 | comments.png 0 Comments | tags.png asia engineering korea refinery uop [ More ]
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