Gazprom Sends LNG To South Korea.A Gazprom press release on Oct. 11 said the company's UK-based Gazprom Marketing & Trading Ltd sent a cargo of LNG LNG (liquefied natural gas): see under natural gas. to South Korea. The LNG was purchased from Mitsubishi Corp. of Japan, which had bought it from Celt (a joint venture between Mitsubishi Corp and Tokyo Electric - Tepco). The 145,000 CM of LNG were supplied ex-ship to the Pyeongtaek regasification terminal, owned by KOGAS KOGAS Korea Gas Corporation KOGAS Korea Gas Corp. (South Korea) , a South Korean state-controlled importer of LNG. Gazprom and KOGAS signed a five-year co-operation agreement on deliveries of Russian gas to South Korea in May 2003. To meet the country's increasing demand and to ensure a stable supply of natural gas, KOGAS imported 22.3 million tons of LNG in 2005. South Korea imports LNG from Qatar, Oman, Indonesia, Malaysia, Brunei, Australia and Russia. For Gazprom, embarking on the LNG business on a big scale in the next decade, this is part of a learning process. It has bought LNG from Europe and sold it to the US. It has sold LNG to Europe. But it is also focusing on the Asian market into which the Russian monopoly is to move on various upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger , midstream mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. and downstream From the provider to the customer. Downloading files and Web pages from the Internet is the downstream side. The upstream is from the customer to the provider (requesting a Web page, sending e-mail, etc.). fronts (see gmt10RusOverseas-Sep4-06). |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion