August 2011, Vol. 238 No. 8


Korea Gas Joins Northeastern B.C. Shale Gas Play

Korean Gas Corp., the world’s biggest LNG purchaser, is buying into a northeastern B.C. shale gas play in a move that proponents say promises to accelerate LNG exports to Asia. Korea Gas is buying a 5% stake of the Cordova Embayment project from Mitsubishi Corp., the equal joint-venture partner of Calgary’s Penn West Exploration in the play. Mitsubishi will transfer one-tenth of its share of the project to Korea Gas. Mitsubishi estimates the shale play could hold 5-8 Tcf of gas. Penn West Exploration said the entrance of Korea Gas should speed development. Western Canada lacks pipeline capacity and LNG liquefaction and export facilities to get its massive unconventi

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.


Related Articles


{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}