Korea Gas Co. Company News

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LNG Canada Ticking the Boxes Toward Approval, Servicers Say
Thursday, July 12, 2018 A flurry of activity this year in the remote Pacific town of Kitimat, where the facility would be located, has raised optimism that the project will be built.

CEO: Total Delivers First LNG Cargo from Australian Gladstone Project
Thursday, October 15, 2015 The first cargo of liquefied natural gas from Australia's Gladstone project has been delivered to Korea Gas Corp, Total Chief Executive Patrick Pouyanne says.

KOGAS Says Its CEO To Tender His Resignation On Monday
Sunday, January 11, 2015 Korea Gas says its president and chief executive Jang Seok-hyo will tender his resignation on Monday after the energy ministry asked the country's president to sack him.

KNOC Seeking to Invest in US Shale Gas
Wednesday, July 11, 2012 Korea National Oil Corp. seeks to invest in US shale gas projects with an annual output around 3 million-3.5 million metric tons, together with Korea Gas Corp.

Korea Gas to Invest $3B in AU LNG Projects
Monday, June 18, 2012 Kogas plans to invest an estimated $1B in Shell's Prelude LNG project and at least $2B in the Gladstone LNG project.

Total Fires Up 2nd Yemen LNG Train
Monday, April 05, 2010 The second train of Total's Yemen LNG project has started production, cementing the company's position as a top-tier global LNG producer.

Korea Firms to Boost Overseas Spending
Tuesday, January 19, 2010 South Korea plans to nearly double investments in overseas resources, including oil assets, to boost the country's energy self-sufficiency.

Iraq Issues Biding Rules for 2nd Licensing Auction
Monday, November 23, 2009 The Iraqi oil ministry has released bidding rules and final model contracts for Iraq's second post-war oil licensing auction to develop some of the country's prized fields with estimated proven reserves of more than 35 billion barrels.

Eni Signs Initial Pact to Develop Iraq's Zubair Field
Monday, November 02, 2009 A consortium led by Eni Monday signed an initial 20-year agreement with Iraq to develop the giant Zubair oil field in southern Iraq, an Iraqi oil ministry official said.

Russian LNG Aims Face Big Challenges in Arctic Regions
Wednesday, October 28, 2009 Russia, the world's biggest gas producer, has invited international energy majors to help it realize its ambitions to conquer one-fifth of the global market for LNG by 2020.

Companies Ease Demands on Iraqi Oil Field Rights
Wednesday, October 14, 2009 Several oil companies that rejected tough terms in the country's first auction for oil-field rights this summer have dropped their demands for higher payouts.

Eni Wins License for Giant Iraqi Oil Field in First Round
Tuesday, October 13, 2009 An Eni-led consortium won the license for the development of the Zubair giant field in Iraq, following a successful first round bid. Under its expansion program, Zubair is expected to reach a plateau level of 1.125 million barrels of oil per day.

CNPC Inks MOU in Myanmar
Thursday, June 26, 2008 CNPC, Myanmar Gov and Daewoo sign MOU for transportation of natural gas from Myanmer offshore blocks A-1 and A-3.

Iraq Oil Min: 35 Of 120 Cos Qualified To Bid For Deals
Monday, April 14, 2008 Thirty-five international oil companies are qualified to bid for future oil and gas contracts to develop one of the world's largest oil fields.

North West Shelf Venture and Kogas Extend LNG Deal
Monday, January 22, 2007 The North West Shelf Venture participants and Korea Gas Corporation have signed an LNG sale and purchase agreement for the ongoing supply of liquefied natural gas from Australia's largest resources project.

Petronas to Explore for Hydrocarbons in Timor Sea
Monday, October 30, 2006 Petronas, together with partners Korea Gas, Samsung and LG International, has been awarded a Production Sharing Contract (PSC) by the Timor Sea Designated Authority (TSDA) for an offshore exploration block in the Joint Petroleum Development Area (JPD

OVL Announces Gas Resources of Offshore Myanmar Blocks
Monday, August 21, 2006 ONGC Videsh Ltd. (OVL), along with other consortium partners of Blocks A-1 and A-3 in Myanmar offshore, have announced the Original Gas In-Place and Contingent Gas Resources (Recoverable Reserves) of the Shwe, Shwe Phyu and Mya fields.