UPDATE 3-Australia's Woodside lashes out at S.Korea's KOGAS over disputed LNG contract [Reuters]
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Source: Reuters
Australia's Woodside says South Korea's KOGAS owes NWS LNG project money | Reuters 3 Min Read MELBOURNE (Reuters) - Australia’s Woodside Petroleum on Wednesday lashed out at Korea Gas Corp (KOGAS) over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas (LNG) contract from the North West Shelf Project. Chief Executive Peter Coleman of Woodside Petroleum, operator of the NWS Project, said in an analyst call on Wednesday that “North West Shelf’s view is that KOGAS owes the North West Shelf money, not the other way around.” Reuters previously reported that state-run KOGAS, one of the world’s biggest importer of LNG, and the North West Shelf LNG export project were in arbitration over the pricing of a mid-term supply contract, after a KOGAS spokesman on Monday confirmed arbitration without further comment. The KOGAS spokesman said on Wednesday the company has no further comment on the matter. Woodside’s Coleman said the arbitrati
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