IOC, Kogas sign pact to explore oil, gas opportunities
- IPL spot-fixing case: Net widens, police watching 3 more players, other bookies
- IPL 2013: Imperious Brad Hodge powers Rajasthan Royals to qualifier
- Sonia Gandhi, PM Manmohan Singh slam BJP for disrupting Parliament, stalling bills
- IPL spot-fixing: 'Bookie' Vindoo was close to BCCI chief's son-in-law, say cops
- Jessica Lall case: Shayan Munshi to face perjury trial
State-owned Indian Oil Corp (IOC) today said it has signed an MoU with Korea Gas Corp (Kogas) to jointly explore for oil and gas opportunities including LNG.
"IOC and Kogas signed an MoU for joint participation in exploration and production of gas and oil at the global level and developing natural gas infrastructure projects and LNG sourcing," IOC said at the Petrotech 2012 conference here.
IOC Chairman R S Butola met Kogas delegation that included Executive Vice President (LNG) Hyun Kun Shin.
Butola emphasised the need to carry the MoU forward and make progress on areas identified for co-operation in a time bound manner.
Kogas is the national gas company of Korea and the world's largest single importer of LNG clocking about 33 million tonnes in 2011. Kogas is the developer, owner and operator of three large-scale LNG receiving terminals as well as an extensive nationwide pipeline network in Korea.
It has equity investments in LNG liquefaction projects and 20 overseas E&P projects and has lined up LNG sourcing contracts from several countries.
IOC is scouting for LNG for its upcoming Ennore import terminal in Tamil Nadu.
- Paddy shortfall blamed for mystery death of procurement officer
- 'Bookie' Vindoo was close to BCCI chief's son-in-law: cops
- Net widens, police watching three more players, new set of bookies
- Suspected Islamists behead soldier on London street
- Malegaon 2006 case: NIA names four right wing terror suspects
- BJP invokes 'sarcasm, ridicule' against PM