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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
11/28/201413:24:56U.S. Stock Futures Pause; OPEC Decision Weighs on Energy Shares
11/25/201418:28:27Court Rules Against Chesapeake Energy Over 2013 Bond Redemption
11/25/201415:50:22Chesapeake Energy Bond Redemption Notice Faulty, Court Rules...
11/05/201409:45:59U.S. Hot Stocks: Hot Stocks to Watch
11/03/201415:14:08Southwestern Energy Shares Have 57% Upside -- Barron's
11/03/201412:08:50What Will Chesapeake Energy Do With All That Cash? -- Earnings...
09/18/201408:20:35Magnolia Shares Fall After Unveiling Cummings 2nd Half Well Output...
06/12/201416:43:41MARKET SNAPSHOT: U.S. Stocks Fall; S&P 500 Down For Third Day
06/12/201414:52:18MARKET SNAPSHOT: U.S. Stocks Fall; Dow In Triple-digit Decline
06/12/201410:29:47MARKET SNAPSHOT: U.S. Stocks Edge Lower; Energy Sector Rallies
06/11/201419:14:44Aubrey McClendon Launches His Post-Chesapeake Comeback
05/28/201420:22:36Oklahoma Governor Signs Bill Raising Energy-Output Tax
05/20/201422:02:19Companies Bet Exposing Hacks Will Help
05/12/201417:58:12Oil Man George Kaiser Proposes Increase in Oklahoma Oil-and-Gas...
05/07/201420:12:46SEC Ends Investigation of Chesapeake Energy Ex-CEO Aubrey McClendon...
05/07/201408:30:12Chesapeake Energy Profit Soars
05/07/201408:04:10Chesapeake Energy Profit Soars, Revenue Jumps 47%
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...

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