InterOil (IOC) Higher As Korea Gas Consortium Could Bid To Patner on LNG Project
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Shares of InterOil Corporation (NYSE: IOC) are surging higher Tuesday following reports that Korea Gas Corp. is in discussions with two Japanese companies about a joint bid to join InterOil's gas-export project in Papua New Guinea.
MarketWatch said Korea Gas is looking to form a consortium with Mitsui & Co. and Japan Petroleum Exploration Co. to become strategic partners in InterOil's Gulf LNG project.
Shares of IOC last traded at $72, up 7 percent.
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MarketWatch said Korea Gas is looking to form a consortium with Mitsui & Co. and Japan Petroleum Exploration Co. to become strategic partners in InterOil's Gulf LNG project.
Shares of IOC last traded at $72, up 7 percent.
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