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Korea Gas Corp. (KOGAS) has discovered a large natural gas well off the coast of Mozambique, the government has announced. "If three earlier discoveries in the same gas block are tallied, the size of gas reserves could reach upwards to 52 Tcf of gas, equivalent to 1.17 million tons of the fossil fuel...
Korea National Oil Corp (KNOC) is looking to acquire U.S. shale gas companies or assets as it seeks to secure liquefied natural gas (LNG) supplies to feed rising demand in the domestic market. Reuters reports that KNOC expects to spend an amount approximately $3.4 billion on overseas oil and gas assets.
Moscow hosted a meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Young Sung Park, Executive Vice President of Korea Gas Corporation (Kogas). The negotiations centered on pipeline supplies of Russian natural gas to South Korea via North Korea.
Korea Gas Corp. is keen to focus on unconventional energy sources and develop shale gas resources in countries like China and the US, Dow Jones said. "Amid the continued rise in oil prices and depletion of conventional gas reserves, global interest in unconventional gas categories is increasing," Lee...
With lack of cooperation from North Korea on the issue of pipeline to supply Russian natural gas, South Korea is considering building an undersea pipeline which will link the country to China, reports in local Korean media said. The idea was suggested by Jiang Jiemin, chairman of the China National...
Qatar's Rasgas will supply Korea Gas Corp an additional 2 million tonnes of liquefied natural gas (LNG) per year for the next 20 years. The Korean firm already has deals where Rasgas will supply 7 million tonnes a year until 2024-2026. Deliveries are set to begin in 2013.
South Korea’s Kogas and Cheniere Energy have signed a 20 year deal in which the latter will supply LNG from Sabine Pass export plant in Louisiana. Kogas has agreed to purchase approximately 3.5 million tonnes per annum of LNG upon the commencement of train three operations. Deliveries are expected...
North Korea has reaffirmed its commitment to building a pipeline to transport Russian natural gas through North Korea and into South Korea. This message was conveyed by Russia’s Minister of Energy Sergei Shmatko to South Korea’s Ambassador to Russia on Thursday in Moscow. Shmatko...
KOREA Gas, South Korea's state-run gas supplier, has plans to participate in Shell's Prelude gas development project in Australia through a stake investment. Kogas will set up a wholly owned subsidiary, Kogas Prelude, in Perth, next year as part of its preparations, the utility said in a regulatory filing.
Japan and South Korea have agreed to jointly purchase liquefied natural gas, in the hope of lowering import prices and discussion regarding procurement measures is expected to start in Tokyo on Nov. 28. Demand for LNG for thermal power generation has risen recently in Japan due to the on-going nuclear crisis.