Korea Gas Gains Most in 9 Years on Mozambique Find: Seoul Mover
This article is for subscribers only.
Korea Gas Corp., the world’s biggest liquefied natural gas importer, gained the most in more than nine years in Seoul trading after its Italian partner found reserves in Mozambique that may exceed those of the U.K.
The shares rose 11 percent to close at 42,950 won on the Korea Exchange today, the steepest increase since Jan. 13, 2003. The stock was the best performer on the MSCI Asia Pacific Index. The benchmark Kospi Index advanced 1 percent.