The state-run Korea Gas Corp. said on Friday it is seeking to expand its shareholdings in a gas field in Mozambique to 30 percent from the current 10 percent.
KOGAS CEO Choo Kang-soo told reporters on Friday that price will be a key factor for additional investment decisions in the Mozambique gas field.
KOGAS found 10 trillion cubic feet of natural gas at one of four wells in an offshore block in northern Mozambique waters in October this year.
KOGAS is also running a gas pipeline and operating facility construction project in Mozambique.
Korea is the second-largest importer of liquefied natural gas in the world. Mozambique is ranked fourth in the world for natural gas production.
(
jyseo@heraldcorp.com)
