Nigeria offers Spot LNG Cargo to Korea Gas

Nigeria offers Spot LNG Cargo to Korea Gas

Nigeria will offer spot LNG cargo to Korea Gas Corp for liquefied natural gas. Korea Gas is pioneer in the sector with the company registering largest revenue in the world in LNG. Nigeria will offer spot cargo for Korean firm from Tongyeong terminal.

Due to higher demand for gas for heating during winter season, the requirement of LNG jumps during the first half of every year from Asian companies. The state owner Korean company has asked for three spot cargoes. Nigeria is not having long term contract with Korea.

The largest export of LNG from Nigeria was to Japan last year. The Korean gas major is also looking towards Alaska to import natural gas. In December 2012, KoGas officials met Sean Parnell to discuss the project. KoGas registered revenue of $32 billion in year 2012.


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