Posted on May 02, 2017

RasGas Company Limited (RasGas) successfully loaded and delivered its 2,000th cargo of LNG to Korea Gas Corporation (KOGAS) on 25th April, 2017.

The cargo was lifted by the KOGAS vessel, “SK Summit”, which also carried the first cargo of LNG supplied by RasGas to Korea in August 1999. In recognition of this significant milestone, RasGas Chief Executive Officer, Hamad Mubarak Al Muhannadi, stated, “We are deeply proud of our long-standing partnership with KOGAS, which has been maintained for more than two decades. KOGAS is not only RasGas’ largest long-term customer, it is also our foundation customer, and we are honoured by the trust they have placed in RasGas over the years to safely and reliably deliver LNG to meet Korea’s energy needs from Qatar.” 

KOGAS CEO, Mr. Seung-Hoon in a statement said "I would like to congratulate on this memorial event of 2000th cargo shipment and thank the colleagues of RasGas for their contributions to the uninterrupted services in the course of delivery of LNG from Qatar to Korea. Over the last few decades, RasGas and KOGAS have been proving the power of harmonious partnership between seller and buyer. I strongly believe that the partnership brought us this achievement today." KOGAS was established in 1983 and is now the largest single importer of LNG in the world, committed to providing clean, safe and convenient energy to the people of South Korea. In October 1995, RasGas signed its first-ever long-term SPA with KOGAS.  RasGas and KOGAS have subsequently entered into two further long-term SPAs, and today RasGas delivers more than 9 million tonnes of LNG to KOGAS on an annual basis.

RasGas’ Interim Marketing and Shipping Officer, Ali Khalaf Al Kaabi, confirms, “This 2,000th cargo delivery truly does underline the commitment both our companies have to providing customers with flexible, competitive and cleaner energy. Our relationship with KOGAS has been mutually beneficial in this respect, but it has also ensured a sustainable energy supply for the people and the economy of Korea. This is something we are especially pleased to have been part of.”