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KOGAS Signs MOU with Kitimat LNG for 40 Percent of LNG Production

Yesterday Kitimat LNG announced that it has signed a Memorandum of Understanding with Korea Gas Corporation (KOGAS). Under the terms of the agreement, KOGAS will acquire 40% of the LNG produced at the planned Kitimat LNG liquefaction facility (estimated
June 1, 2009

Yesterday Kitimat LNG announced that it has signed a Memorandum of Understanding with Korea Gas Corporation (KOGAS). Under the terms of the agreement, KOGAS will acquire 40% of the LNG produced at the planned Kitimat LNG liquefaction facility (estimated at 2 million tons annually) over a 20 year period. The agreement also provides an option for KOGAS to acquire an equity stake in the Kitimat LNG facility.

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