LNG

SK Innovation E&S, the energy unit of South Korea's SK Group, has begun production at the Barossa gas field in Australia, a project it invested in 14 years ago. This marks the first time a Korean private-sector company has achieved LNG production through an overseas resource development project. The initial output is expected to secure 1.3 million tons of LNG annually, equivalent to about 3 percent of Korea's annual LNG imports.

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Pacific Summit Energy, the energy trading arm of Sumitomo Corp., is exploring a liquefied natural gas trading desk in Singapore as part of a strategy to expand its business across Asia, Europe, and the U.S.