Korea to step up shale gas coperation with Canada

Korea to step up shale gas coperation with Canada

South Korea’s Ministry of Knowledge Economy and Canada’s British Columbia state government held the Korea-Canada natural gas forum in Vancouver on December 12.
This event follows the memorandum of understanding for energy cooperation signed by the two parties in August. The forum were attended by Vice Minister of Knowledge Economy Yoon Sang-Jick and Korea National Oil Corporation CEO Suh Moon-kyu, Korea Gas Corporation CEO Choo Kang-so, Premier of British Columbia(BC) Christy Clark, BC’s Minister of Energy and Mines Rich Coleman.
The forum covered shale gas exports from Canada and energy policies. The participants discussed with bilateral cooperation in various areas such as liquefied natural gas(LNG) carriers and plant facilities. Yoon asked the BC state government to build up infrastructures including pipelines for exports to Asian countries.
South Korea is one of major importers of LNG and Canada is an emerging exporter of the resource. South Korea imports 42 percent of its LNG demand from the Middle East, 35 percent from Southeast Asia, 8 percent from Russia, 6 percent and Central and South America and 6 percent from Africa.
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