SK Group

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.