Qatar to Export 4.92m Tons of LNG to South Korea
Qatar will export 4.92 million tons of liquefied natural gas (LNG) to South Korea from 2002 until 2023, said South Korean Vice-Minister of Commerce Hee-Beom Lee in Doha.
Lee’s announcement came at the end of a two-day official visit to Qatar, the last leg of a tour that has taken him to Saudi Arabia and UAE, reported the Gulf Times newspaper.
Lee said this was a moderate increase from the already agreed 4.8 million tons.
South Korea will also import 45 million barrels of crude oil a year from Qatar, he said.
About 28 percent of South Korea's energy needs are met by imports from Qatar.
Qatar's exports to Korea last year stood at $2.2bn, while Korean exports to Qatar totaled only $2mn, he said, cited by the paper – Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)