Friday, 25 January 2013

South Korea Oil and Gas Report Q1 2013

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South Korea Oil and Gas Report Q1 2013
Jan 25th 2013, 00:00

BMI View: While there are new efforts to stimulate upstream oil and gas activity and improve energy self-sufficiency, there is little to suggest that South Korea can develop significant resources, meaning the country is set to remain a key importer of crude and natural gas in liquefied form. Meanwhile, the government is planning fresh initiatives aimed at reducing oil consumption, while the state gas industry continues to buy into overseas LNG schemes to meet growing demand.The main trends and developments we highlight for the South Korean Oil & Gas sector are:The extension of a contract between France''s GDF Suez and Korea Gas Corporation (Kog...

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