KOGAS to buy 20-pct stake of MGM Energy gas reserve

Korea Gas Corp (KOGAS)has agreed to buy a 20-percent stake of a gas reserve owned by MGM Energy of Canada, the first resource development deal in the Arctic by a South Korean firm, the government said on Thursday.
The board meeting of state-run KOGAS, the world's largest corporate buyer of liquefied natural gas (LNG), has decided to acquire one third of MGM Energy's 60-percent stake in Umiak gas reserve, the ministry of knowledge economy said in a statement.
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Source: Reuters