Buyer's remorse

According to the Wall Street Journal Korea Gas Corporation resources chief operating officer Kwon Young-sik said South Korea should limit its possible imports of US shale gas-based LNG to 20% at the Gastech 2014 conference in Seoul.

"Too much exposure to shale gas LNG is not too desirable," he reportedly said.

Young-sik reportedly said "we are always underestimating LNG demand" and he hoped future government forecasts would be more realistic.

Other officials from key Asian LNG importers took the opportunity to call for technology and new gas pricing mechanisms at the conference.

"Floating LNG and innovative [gas-to-liquids] technologies [are] contributing to the diversification of supplies," Bank of Tokyo-Mitsubishi LNG specialist Nick Milne said according to Hydrocarbonprocessing.com.

"In a world awash with cheap gas, it's easy to see a path forward for gas-to-liquids."

Japan Oil, Gas and Metals National Corporation president Hirobumi Kawano reportedly said Japan needed to import LNG from new suppliers and he hoped Mozambique could be an answer.

Death tweet

A fire on Petroleos Mexicanos' Akal-TD offshore platform at the ageing Cantarell oil field put three workers in hospital over the weekend, with one of them dying from his injuries overnight.

Pemex used its Twitter feed to confirm the "unfortunate" death in Spanish about eight hours ago.

More than 42 people were evacuated from the fire, with the cause under investigation.

Citi's Mexican bust

Still in Mexico, Oceanografia CEO and majority owner Amado Yanez Osuna turned himself in to authorities for questioning over Citigroup's claims of theft, according to Forbes.

Revealed a month ago, Citi claimed $US400 million ($A437 million) was stolen from its subsidiary Banco Nacional de Mexico (Banamex), which came after Citi further scrutinised the loans advanced to local oil field services player Oceanografia.

According to The Wall Street Journal at the time, Citi learned on February 11 that Oceanografia was suspended from being awarded new Mexican government contracts.

National oil company Pemex, previously a key client of Oceanografia, reportedly told Citi a significant portion of the funds owed to Banamex were based "on fraudulent invoices from Oceanografia".

Citi was forced to reduce its December quarter results by almost $235 million due to the missing millions in Mexico.