South Korea pens $84bn deal with Total and Shell

South Korea is planning a liquid natural gas (LNG) deal with Total and Shell worth $84billion (£50.8bn). State-run Kogas, the sole gas firm to operate in the country, will buy […]

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By Vicky Ellis

South Korea is planning a liquid natural gas (LNG) deal with Total and Shell worth $84billion (£50.8bn). State-run Kogas, the sole gas firm to operate in the country, will buy a 10% stake in Shell’s Prelude LNG project. South Korea will get a total of 5.64 million metric tonnes of gas a year from the two global gas firms, sourced from Australian LNG projects, reported the Wall Street Journal.