Were WPL hoping to get this contract?Shell signs £11bn Korean...

Were WPL hoping to get this contract?

Shell signs £11bn Korean gas deal
By Malcolm Moore (Filed: 17/02/2005)


Shell, Total and their partners yesterday signed a $20billion (£11billion) deal to sell liquefied natural gas to South Korea over the next 20 years.



Shell's joint ventures in Russia, on Sakhalin Island, and in Malaysia, will supply a combined 5m tonnes a year of gas to Korea Gas, starting in 2008.

Shell and its partners beat off competition from Woodside Petroleum in Australia and Iran. the Korean ministry of energy said it managed to secure the gas at a discount of 40pc to market prices, and that Korea Gas secured extra supplies during winter.