Tag: South Korea
S.Korea govt backs US shale gas imports, investment
Opportunities in US shale gas expected to increase under Trump SEOUL, Dec 23 (Reuters) – South Korea stepped up a push on Friday to encourage its oil and gas companies to invest in US shale gas projects, amid expectations that more opportunities will arise under a Trump administration. Asia’s fourth-largest economy is the world’s second-largest […]
As Japan and South Korea import less LNG, other Asian countries import more
LNG still faces competition from low-priced coal in many Asian markets, such as Thailand and Malaysia Japan, South Korea, and China are the three largest importers of liquefied natural gas (LNG) in the world, accounting for more than half of global LNG imports in 2015, according to the US Energy Information Administration. Combined LNG imports […]
KNOC says drops oil field project in Iraq’s Sangaw South
KNOC says Sangaw South showed uneconomic exploration results SEOUL, Aug 22 (Reuters) – State-owned Korea National Oil Corp (KNOC) has decided to drop out of Iraq’s Sangaw South oil field project because of uneconomic exploration results, a KNOC spokesman said on Monday. A Korean consortium headed by KNOC holds 60 percent of Sangaw South in the Kurdish […]
10 ageing South Korean coal fired power plants to be shut by 2025
Two of the shut South Korean coal fired power plants will switch to biomass By Jane Chung SEOUL, July 6 (Reuters) – 10 ageing South Korean coal-fired power plants by 2025, as Asia’s fourth-largest economy seeks to cut its reliance on dirtier fuels after a pledge at last year’s Paris climate summit to reduce greenhouse gas emissions. […]
S.Korea targets $37B in renewable energy investment by 2020
Renewable energy to produce 12 gigawatts of capacity SEOUL, July 5 (Reuters) – South Korea plans 42 trillion won ($36.65 billion) in investment in renewable energy and related infrastructure by 2020 as part of efforts to meet its pledge at last year’s Paris climate summit to cut greenhouse emissions. Of the total, 30 trillion won […]
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