Korea Gas invests in 4th LNG terminal, buys stake in Blue Energy Seoul (Platts)–29Jun2009 State-run Korea Gas Corp. is to invest Won 738.6 billion ($576.1 million) to expand the storage capacity at its fourth LNG terminal, which is currently under construction at Samcheok, company officials said Monday. The investment will be made between June 2009 and August [...]
Thursday, July 2, 2009
Koreans sign up for large Malaysian yard Sea Trade Asia Online, [29/06/09] Kuala Lumpur: Malaysia’s Vantech Dockyard (M) Sdn Bhd said on June 23 that it will invest 4.8 billion ringgit (Y130 billion) to construct a large-size shipyard in southern Johor State in a joint venture with two South Korean shipbuilders. The construction of the yard, to be located [...]
Sunday, June 28, 2009
South Korean firms agree on new LNG prices-Indonesia Reuters - Friday, June 26 JAKARTA, June 26 - South Korean steel maker POSCO <005490.KS> and utility firm K-Power have agreed to a base liquefied natural gas price equivalent to an oil price of $38 per barrel, Indonesia’s energy minister said on Friday. “Previously, we have been criticised because the price [...]
Saturday, June 27, 2009
KOGAS to spend 739 bln won to expand LNG storage facility Yon Hap News - Korea, By Nam Kwang-sik SEOUL, June 25 (Yonhap) — South Korea’s state-run Korea Gas Corp. (KOGAS) said Thursday it plans to invest 739 billion won (US$576 million) to expand a liquefied natural gas (LNG) storage facility on the country’s east coast. The investment will [...]
Saturday, June 27, 2009
Posco, K-Power May Allow Tangguh LNG Price Changes The Jakarta Globe, June 25, 2009 Indonesia, the world’s third-biggest exporter of liquefied natural gas, said two South Korean companies agreed to a provision in their contracts to allow for price revisions for fuel from the BP-led Tangguh project. Posco and K-Power “have sent letters that open up the possibility of [...]
Thursday, July 2, 2009
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