South Korea's Sk Group to Intensify Focus on Shale Gas

South Korean conglomerate, SK Group, has decided to intensify its effort to develop shale gas resources, especially in North America, a company source told Platts.

According to Platts, the group recently held a key policy meeting and approved a shale gas-focused growth strategy. 

SK Group has divided its shale gas development plan into five stages -- exploration/development, plant building, distribution, shipping/terminal and electricity generation -- and specified the roles for each of its business units, said Platts.

SK Group does not currently own any shale gas assets in North America.

The Group wants be involved in all aspects of the shale gas industry, from exploration to power generation, the source said, adding that it wants to move from a diversified conglomerate to a more energy-focused one.

Sign-up for our free weekly newsletter update via email here