SK E&S retains gov't support for Barossa gas project in Australia
The Korea Trade Insurance Corp. (K-Sure) decided recently to continue guaranteeing 400 billion won ($325 million) worth of financial support for a drilling project at Barossa offshore gas field in Australia, reducing uncertainties surrounding SK E&S that has participated in the project with Australia's Santos and Japan's JERA. The state-run financial institution's latest decision indicates the Korean government's intention to prioritize energy security by standing with the energy firm against environmental activists who have pointed out that the drilling project could destroy the marine ecosys...
Source: koreatimes.co.kr