Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

South Korean trade deals to send more U.S. natural gas overseas

Published 06/29/2017, 06:59 PM
© Reuters.  South Korean trade deals to send more U.S. natural gas overseas
SHEL
-
GE
-
SRE
-
NG
-
UNG
-
CLR
-
ET
-
ETP
-
GAZZF
-
DCNG
-
BOIL
-
KOLD
-
UNL
-
DGAZF
-
UGAZF
-
  • South Korean companies signed a series of agreements this week to secure more U.S. natural gas for the country; in the latest deal, Sempra Energy (NYSE:SRE) announced an MoU with Korea Gas for development of the proposed Port Arthur, Tex., LNG liquefaction project that would be located along the Houston Ship Channel.
  • Meanwhile, Energy Transfer (ETE, ETP) secured an MoU with Kogas and Royal Dutch Shell (LON:RDSa) (RDS.A, RDS.B) to consider participating in the Lake Charles LNG Liquefaction Project.
  • Earlier, SK Group signed separate agreements with GE and Continental Resources (NYSE:CLR) to bring gas to South Korea and other countries, and said it plans to invest $1.6B in the U.S. over the next five years to build its portfolio of domestic gas projects.
  • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, KOLD, UNL, DCNG
  • Now read: The New Darlings Of Wall Street: The Folly Of Oil Fracking Investing


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.