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S Korea Inks Pact With BC Canada, Plans to Tap Shale Gas Assets

By Min-Jeong Lee SEOUL--South Korea has signed an initial agreement for energy cooperation with the Canadian province of British Columbia, to help local companies tap Canada's ample shale gas assets, the Ministry of Knowledge Economy said in a release Wednesday. Vice Minister Cho Seok, who is leading a delegation of officials from several South Korean companies including Posco (005490.SE), Samsung C&T Corp. (000830.SE) and SK Gas Co. (018670.SE), will also meet with Royal Dutch Shell PLC (RDSA.LN) and Chesapeake Energy Corp. (CHK) executives to discuss cooperation in resource development, it added. South Korea has been targeting overseas shale gas assets in recent months in a bid to secure energy supplies. Earlier this year, the government set up a task force to study shale gas investment opportunities. In a landmark agreement in May, Mitsubishi Corp. (8058.TO), Korea Gas Corp. (036460.SE) and PetroChina Co. (PTR) announced plans for an "LNG Canada" project, in partnership with Shell, to pipe gas to the Pacific coast, where it would be deep-chilled and exported by sea. Shell has a 40% stake in the project and the three Asian companies 20% each. Write to Min-Jeong Lee at min-jeong.lee@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
03/05/201421:19:31Chesapeake, Encana Charged With Antitrust Violations -- Update
03/05/201419:10:11Chesapeake, Encana Charged With Antitrust Violations
02/28/201410:01:30Chesapeake Energy to Sell $520 Million in Assets to Exterran...
02/26/201415:57:27Chesapeake Energy Swings to Loss -- Update
02/24/201405:47:09MARKET SNAPSHOT: U.S. Stock Market Is Starting To Ride A Tech...
02/24/201401:57:46Chesapeake Energy Seeks to Spin Off or Sell Oilfield Services...
02/07/201403:07:56Magnolia Petroleum gets Increased Density, Infill Drilling Proposals
02/06/201412:21:56Chesapeake Energy Predicts 2014 Capex Decline
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:10:03Icahn Associates Corp. 3Q 13F: Holdings As Of Sep 30
11/15/201308:10:03Icahn Associates Corp. 3Q 13F: Largest Purchases
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Holdings As Of -2-
11/15/201307:04:49Bridgewater Associates LP 3Q 13F: Holdings As Of Sep 30
11/15/201307:04:38Bridgewater Associates LP 3Q 13F: Largest Sales
11/15/201306:57:24Millennium Management 3Q 13F: Holdings As Of Sep -2-

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