KOGAS Relinquishes Share of Gorgon LNG

PERTH, AUSTRALIA--June 5, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Korea Gas Corporation (SEO:036460) (KOGAS) (Seoul, South Korea) has walked out on a non-binding agreement with Chevron Australia, a division of Chevron Corporation (NYSE:CVX) (San Ramon, California), for the Gorgon LNG project's long-term LNG sale. This leaves 35% of Gorgon LNG without commitment under long-term contracts.