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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)
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05/15/201522:41:08
05/15/201521:10:47Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201516:21:53Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201515:53:14Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/12/201516:57:35Aubrey McClendon's American Energy Partners Seeks Capital for...
05/11/201511:40:11Icahn Enterprises Reports Profit
05/11/201510:03:023 Fossil Fuel Stock Fails
05/08/201511:21:00Legal Probe Sends SandRidge Energy Incâs Stock Down 10%
05/07/201509:40:12Icahn Enterprises Reports Profit
05/07/201509:16:28Icahn Enterprises Reports Profit on Lower Expenses
05/06/201515:03:33Chesapeake Energy Swings to Loss on Write-Down -- Update
05/06/201513:20:09SunTrust Downgrades Chesapeake Energy to Neutral (CHK)
05/06/201511:43:08U.S. Stocks Trade Lower
05/06/201510:32:04U.S. Stocks Trade Lower
05/06/201508:30:27Chesapeake Energy Swings to Loss on Write-Down
05/06/201508:12:06Chesapeake Energy Swings to Loss on Write-Down
05/06/201507:00:00Chesapeake Energy Corporation Reports 2015 First Quarter Financial...
05/06/201506:33:47Chesapeake Energy Rating Reiterated by Jefferies Group (CHK)

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