Alaska Natural Gas Pipeline Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Alaska Natural Gas Pipeline

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brumar89 who wrote (479)	8/11/2009 10:41:37 AM
From: Snowshoe	Read Replies (1) of 570

The South Koreans were the demand catalyst for the Kitimat export project... B.C. emerges as major natural gas player As gas supplants forestry as the province's economic driver, big industry players such as Korea Gas are lining up to grab their share Message 25853955 For gas producers, an export terminal is an attractive option because gas prices in Asia are often significantly higher than in North America, making up for the extra cost to move the commodity a far greater distance than to producers' usual customer, the United States. And for a company such as Korea Gas, a connection with B.C. gives it one more option as it works to ensure future supplies. Mr. Sorensen said it was Korea Gas that turned heads. The company's chief executive officer, Kang-Soo Choo - who regularly deals with the likes of Russia's OAO Gazprom, the world's biggest natural gas company - personally worked on the deal, braced by the view that B.C. can deliver on a promise of long-term supply. A memorandum of understanding specifies that Korea Gas would buy 40 per cent of the facility's planned 700 million cubic feet a day of capacity.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next