South Korea confirms gas hydrates deposits

South Korea has confirmed deposits of gas hydrates off the eastern coast of the country, about 135 km northeast of the city of Pohang.

By OGJ editors
HOUSTON, June 25 -- South Korea has confirmed deposits of gas hydrates off the eastern coast of the country, about 135 km northeast of the city of Pohang.

The Ministry of Commerce, Industry, and Energy's oil and gas development division issued a statement June 23 saying the area is within South Korea's exclusive economic zone.

A drilling program, scheduled to begin in September, calls for at least five wells. South Korea hopes to develop the technology for using gas hydrates by 2015, the government said.

South Korea now imports its oil and natural gas.

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