Monday, May 28, 2007

Korea Gas, Oman Form Venture to Jointly Trade, Store Liquefied Natural Gas

(Bloomberg) -- Korea Gas Corp., the world's largest
buyer of liquefied natural gas, said it will form a joint venture
with the Sultanate of Oman to trade and store LNG.

The two partners will hold equal stakes in the venture,
which will have a share capital of $10 million, the Seongnam,
South Korea-based company said in an e-mailed statement today. It
didn't say where the storage facility will be built.


Read more at Bloomberg Energy News

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