OREANDA-NEWS. At the Gazprom Headquarters Alexey Miller, Chairman of the Gazprom Management Committee met with Lee Soo Ho, President & Chief Executive Officer of KOGAS Korea Gas Corporation. The parties discussed issues in relation to the pipeline gas deliveries to Korea as well as further cooperation in the LNG sector.

Alexey Miller and Lee Soo Ho highlighted the basic approaches for cooperation between the companies in the framework of joint gas exploration, production and marketing projects in third countries as well as introduction of new technologies to produce synthetic fuels from natural gas (GTL and DME technologies).

In October 2006 Gazprom Marketing and Trading Ltd. (GMT) (the Gazprom Group subsidiary) accomplished the first LNG delivery to Korea. LNG was deliveries to Pyeongtaek regasification terminal of KOGAS National Korean Gas Company at the amount of 145 thousand cubic meters (nearly 92 mcm of natural gas).