Reuters quoted the country’s energy ministry as saying that state-run Korea Gas Corp and major refiner GS Caltex were seeking LNG supplies from Woodside's Browse and Chevron’s Gorgon projects.
It was the first such confirmation by the South Korean Government, but it did not disclose details.
South Korea is one of the world’s largest LNG importers.
The ministry said it has been seeking to renew or seal new LNG deals with its major suppliers including Australia as domestic demand for natural gas is expected to continue to grow.
Earlier this week, Woodside signed key terms agreement with CPC Corporation Taiwan for the potential sale of 2-3 million tonnes per annum of LNG from its Browse project for 15-20 years.
Browse comprises three major gas discoveries and contains gas resources estimated at 20 trillion cubic feet.
Chevron’s Gorgon project is estimated to hold more than 40 trillion cubic feet of certified gas reserves. Chevron is the operator and holds a 50% stake, while partners Exxon Mobil and Shell each have 25%.
