KOGAS Gets First Gladstone LNG Cargo
Korea Gas Corp (KOGAS) said on Wednesday the first cargo vessel containing 60,000 tonnes of liquefied natural gas, the first shipment of GLNG project from Gladstone, arrived in South Korea's Pyongtaek port on Oct. 27. KOGAS owns 15 percent of the GLNG project, for which it invested 20 trillion won ($17.72 billion). Other investors include Australia's Santons Ltd, France's Total and Malaysia's Petroliam Nasional Bhd (Petronas) . A total of 7.8 million tonnes of LNG will be produced from the project every year, which KOGAS and Petronas will bring in 3.5 million tonnes each, according to a KOGAS statement. The GLNG project produces natural gas from coal seams and converts it into LNG in Gladstone, located 400 kms away, for shipping to its buyers. Reporting by Rebecca Jang
Korea to Build 8 Quays for Cruise Ships
Eight wharfs will be built in six ports exclusively for cruise ships by 2020 to foster the Korea's marine tourism industry. The government will also develop cruise tour programs that allow participants to experience traditional Korean culture on land, such as temple stays, tea tasting and pottery making. The Ministry of Culture and Tourism and the Ministry of Maritime Affairs and Fisheries yesterday jointly announced a set of measures to double the number of cruise ships visiting Korea and the number of passengers on them by 2011. The annual growth of cruise tourism is 8.1 percent worldwide, much greater than that of ordinary tourism market, 4.3 percent. Last year, 67 foreign cruise ships touched at Korean ports with 33,993 passengers.
