Vitol and KOMIPO team up to explore LNG projects

Trader Vitol has announced it will work with Korea Midland Power Co (KOMIPO) on new LNG projects.

The two companies will team up to explore upstream, midstream and downstream opportunities.

In 2015, Vitol signed up to supply KOMIPO with 400,000 tons of LNG annually for 10 years.

Hyung Koo Park, president and CEO of KOMIPO, said: “KOMIPO looks forward to developing its relationship with Vitol, our trusted partner in the LNG business.”

Russell Hardy, CEO of Vitol, 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.”