Korea Gas Corp. said that it has appointed Samsung Securities Co. Ltd. to advice on potential stake sale in the $18.5 million Gladstone project.

A person familiar with the matter added that the sale process will be jointly run by Rothschild Inc and Korea Gas is planning to sell 15% stake in the GLNG liquefied natural gas project. A Korea spokesman said, "No final decisions have been made on whether to divest the stake in the Gladstone project."