Yemen LNG and lead shareholder Total have agreed to increase the number of cargoes diverted to South Korea.
The deal will see Yemen LNG buyer Korea Gas receive an extra 20 shipments between 2012 and 2014 from Total’s off-take.
Kogas will pay market price.
The agreement reflects the falling US gas prices which have made Asian markets more attractive than the facility’s original target markets of the Gulf of Mexico and Western Europe.
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