Vitol Asia has signed a Memorandum of Understanding (MoU) with Korea Midland Power Co Ltd (KOMIPO) to explore upstream, midstream and downstream project opportunities in LNG. 

Under an existing long-term Supply and Purchase Agreement (SPA), signed in 2015, Vitol agreed to supply KOMIPO with 400,000 tonnes of LNG annually for 10 years.

CEO of Vitol Group, Mr Russell Hardy added, “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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1st March 2019