Climate Changed
South Korea Is Very, Very Interested in U.S. Natural Gas
- The country signed four pacts related to U.S gas in 24 hours
- Korea seeks to move away from coal, nuclear in favor of gas
Barclays' Potter Sees U.S. as Top LNG Exporter
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If there’s one thing that became clear during the White House’s “Energy Week,” it’s that South Korea is really, really into U.S. natural gas.
In less than 24 hours, South Korea’s energy companies had announced four partnerships with U.S. companies to explore opportunities in the U.S. natural gas business. Korea Gas Corp., the state-owned gas supplier, said it’ll look into potential investments in liquefied natural gas projects in Alaska, Texas and Louisiana. SK Group signed an agreement with General Electric Co. and Continental Resources Inc. to pursue shale gas developments.