(EnergyAsia, October 18 2012, Thursday) — Russia’s Gazprom said it has secured a new order to sell up to one million tonnes of liquefied natural gas (LNG) to Korea Gas Corporation (KOGAS) adding to an existing agreement for the supply of 1.6 million tonnes.

The Russian gas monopoly’s wholly-owned subsidiary Gazprom Marketing & Trading Singapore (GMTS), said it will supply up to eight cargoes of LNG a year to KOGAS in 2013 and 2014.

The new supply will come from GM&T’s diversified portfolio, supplementing the existing flows from Gazpom’s Sakhalin-2 plant which produces 10 million tonnes of LNG annually.

Frédéric Barnaud, Gazprom’s executive director for LNG and shipping, said:

“This agreement provides a good basis for further expansion of our commercial portfolio and realising our ambition to be the leading LNG marketer in Asia Pacific. We look forward to partnering with other major energy players in the region willing to build and maintain a secure supply of energy, and meeting the growing demand for LNG in Asia Pacific.”

Established in 2009, GMTS is taking on an increasingly important role to expand Russia’s gas exports to Asia to reduce its dependence on its main markets in Europe. GMT recently concluded a 20-year deal to supply LNG to India’s GAIL.