South Korea's state-run gas corporation KOGAS still purchases Russian liquefied natural gas (LNG), does not plan to make any changes and is ready to discuss possible issues with Russia in good faith, a source in the South Korean gas industry told Sputnik on Saturday.
"KOGAS has no issues with Russia at the moment. If the situation changes in the future, KOGAS will discuss it with the Russian side in good faith in order to resolve an issue," the source said.
The long-term contract between KOGAS and the Russian side includes a purchase of 1.5 million tonnes of LNG a year, which was about 4% of the company's purchases in 2021.
On February 24, Russia launched a special military operation in Ukraine after the breakaway republics of Donetsk and Lugansk requested help to defend them from intensifying attacks by Ukrainian troops. Western countries and their allies, including South Korea, responded by imposing comprehensive sanctions against Russia and vowed to reduce dependency on Russian energy.
Source: Sputnik News
