NORTH WEST SHELF AUSTRALIA LNG OPENS KOREAN OFFICE
28 October, 2004
North West Shelf Australia LNG today opened an office in the Korean capital of Seoul, aimed at boosting its business presence and customer support in the region.
North West Shelf Australia LNG is the LNG marketing organisation of the North West Shelf Venture, which currently supplies Korea Gas Corporation (Kogas) with 500,000 tonnes of LNG a year under a seven-year contract that started in 2003. It has also supplied a number of spot cargoes to Kogas in recent years.
North West Shelf Australia LNG was invited in August 2004 by Kogas to submit a bid for long-term LNG supply. Korea is the world's second largest LNG market importing more than 20 million tonnes of LNG a year.
The Seoul office will be managed by Akos Gyarmathy, Vice President and Chief Representative Seoul for North West Shelf Australia LNG.
Mr Gyarmathy said that the Seoul office was designed to ensure that customers in Korea continued to receive a very high level of service.
"We have been building strong relationships with Korea for a number of years and it is now appropriate that we have full-time representation in the country," Mr Gyarmathy said.
He added that with strong growth predicted for LNG demand in North Asia, it was important that the North West Shelf Venture was well-positioned to supply existing and new markets as business opportunities arose.
The Seoul office complements the North West Shelf Venture's existing strong presence in the region, with other representative offices located in Beijing, China and Tokyo, Japan. North West Shelf Australia LNG has its headquarters in Perth, Western Australia.
The six equal participants in the North West Shelf Venture are: BHP Billiton Petroleum (North West Shelf) Pty Ltd; BP Developments Australia Pty Ltd; ChevronTexaco Australia Pty Ltd; Japan Australia LNG (MIMI) Pty Ltd; Shell Development (Australia) Proprietary Ltd; and Woodside Energy Ltd. (Operator).
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