By John Lee.
According to a report from Platts, South Korea's state-owned Korea Gas Corporation (KOGAS) plans to sell a 47 percent stake in its 100 percent-controlled Akkas gas field.
The company is under pressure from the Korean government to reduce its debts.
The project was originally awarded to a consortium of Kogas and KazMunaiGas (KMG), but KMG pulled out in 2011, leaving Kogas as sole investor and operator on new contract terms.
(Source: Platts)
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