Qatar Petroleum (QP) has signed a 20-year Sale and Purchase Agreement (SPA) with Korea Gas Corporation (KOGAS) to supply 2 million tons of liquified natural gas (LNG) per year (mmt/y) to the Republic of Korea, according to a statement.

The first LNG shipment is expected to be delivered to KOGAS’ LNG receiving terminals in Korea in January 2025.

“We are grateful to KOGAS for being such a great partner and customer, and we welcome this opportunity to further cement our partnership with KOGAS and to support the Republic of Korea’s national drive toward cleaner and more sustainable energy”, stated Saad Sherida Al-Kaabi, the Qatari Minister of State for Energy Affairs, President and CEO of QP

Currently, Qatar supplies KOGAS with more than 9 mmt/y of LNG, making it the largest supplier of LNG to the Republic of Korea.