Korea’s government-owned natural gas company—Korea Gas Corp.—may buy out Royal Dutch Shell PLC’s stake in the Mackenzie Valley pipeline, the CBC reports. A spokesperson for Shell’s Canadian division told press the company is selling its interest in the Mackenzie pipeline, which transports gas from the Northwest Territories into Alberta. Korea Gas Corp. has shown great interest in the gas possibilities on Canada’s West Coast recently, hoping to liquefy and export its shares by tanker. Korea Gas Corp. is the largest importer of liquefied natural gas (LNG) worldwide.
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Korean company interested in buying Shell’s natural gas shares
Korea Gas Corp. largest importer of LNG worldwide