Korea Midland Power and Vitol have signed an MoU to explore upstream, midstream and downstream project opportunities in LNG.
Under an existing long-term supply and purchase agreement signed in 2015, Vitol agreed to supply Komipo with 400,000 tonnes of LNG annually for 10 years.
Hyung Koo Park, president and CEO of Komipo, says: 'Komipo looks forward to developing its relationship with Vitol, our trusted partner in the LNG business.'
Russel Hardy, CEO of Vitol Group, adds: 'We are delighted to strengthen our partnership with Komipo, a highly well-respected company in the region, and look forward to working with them on future opportunities.'
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