KOGAS may have purchased higher spot gas volumes Plans to raise nuclear output, use of LPG over LNG The forecast for a colder-than-usual winter in South Korea is set to Continue Reading
South Korea’s heaviest rainfall since World War II submerged cars on the streets, flooded subway stations and left at least eight people dead. The downpours also hit neighboring North Korea, Continue Reading
South Korea’s newly-elected president Yoon Suk-yeol unveiled his new energy plan July 5 focused on reducing the country’s reliance on fossil fuels and increasing oil and LNG stockpiles with a Continue Reading
Highlights On track to completely phase out Russian oil purchases Refiners maintain high runs to help ease Asia’s diesel shortages South Korea to mainly rely on US, Middle Eastern crude Continue Reading
South Korea will expand the role of nuclear energy in order to meet its climate target. President Yoon Suk Yeol’s new government will increase the portion of atomic power in Continue Reading
Thousands of truck drivers in South Korea have gone on strike at some ports and container depots in the country, threatening to slow the export of goods from the Asian Continue Reading
Floating solar panels on the surface of the Hapcheon Dam in South Korea. The project can generate enough to power 20,000 homes, according to Hanwha Solutions. With little usable land Continue Reading
South Korea plans a pivot to hydrogen. Should we care? Well, South Korea, with a population of 52 million, is the tenth largest economy in the world, has the fifth Continue Reading
Hyundai Motor used CES in Las Vegas as the platform to describe its new “Metamobility concept”, which will incorporate the use of robotics in both the real world and the Continue Reading
South Korea on Tuesday marked its deadliest day of the pandemic as an unrelenting, delta-driven spread stretched thin hospitals and left people dying while waiting for beds. Health experts warn Continue Reading
New coronavirus infections in South Korea have been rising and breaking records daily. There were long lines at testing stations after they exceeded 7,000 for the first time on Wednesday Continue Reading
To produce hydrogen using steam reforming of natural gas First plant with capacity of 1,400 mt/year in Gwangju State-owned Korea Gas Corp., one of the world’s biggest LNG buyers, Continue Reading
New coronavirus infections in South Korea exceeded 4,000 in a day for the first time since the start of the pandemic as a delta-driven spread continues to rattle the country Continue Reading
Factory-gate prices in South Korea rose at the fastest pace since 2008 last month, fueling inflation concerns and adding to reasons for the central bank to raise interest rates next Continue Reading
South Korea is flying a military oil tanker to Australia this week to airlift 27,000 liters of urea solution, used in diesel vehicles and factories to cut emissions, amid a Continue Reading
With a climate and topography ill-suited for large-scale wind power generation on land, the country looks out to sea for its clean energy ambitions The offshore substation collects and sends Continue Reading
Nuclear propulsion for cargo vessels spurred by carbon regulation Samsung sees nuclear power as potential eco-friendly shipping option Reactor design could also be used in floating power plants South Korea’s Continue Reading
Samsung Heavy Industries (SHI) is making a full-scale effort to develop offshore nuclear power plant technology. SHI has signed a Molten-Salt Reactor (MSR) development and joint research agreement with the Continue Reading
South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen Continue Reading
South Korea’s prime minister arrived in Tehran for talks over $7 billion of Iranian funds trapped in his country by U.S. sanctions, with a successful outcome likely to be seen Continue Reading
South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over electric-vehicle (EV) battery technology, avoiding a potential setback for U.S. EV ambitions. Continue Reading
The settlement came after the US International Trade Commission in February slapped a 10-year import ban on SK Innovation over allegations from its Korean rival of illegally acquiring sensitive technology. Continue Reading
Iran released on Friday a South Korean ship and its captain detained since January after South Korea promised to try to secure the release of Iranian funds frozen in South Continue Reading
South Korea has shut two nuclear reactors due to an influx of marine organisms just two weeks after restarting them after an earlier influx, company officials said April 8, adding Continue Reading
The fishing grounds where Jung Kuenbae and his forbears have caught shrimp, butterfish and croakers for three generations are going to be turned into the world’s largest offshore wind farm. Continue Reading
South Korea remains the weakest performer within OECD in terms of renewables’ penetration into the national energy matrix, merely 5% of its electricity generation boils down to green energy. Apart Continue Reading
South Korea will invest some $43 billion in constructing what is to be the world’s largest offshore wind farm, Reuters reports , adding that the project should be completed by Continue Reading
Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel’s owner said Tuesday, the latest maritime seizure Continue Reading
Iran’s Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, Iranian media said on Monday, amid tensions between Tehran and Seoul over Iranian funds Continue Reading
The planned shutdown of some coal-fired power plants in South Korea will likely propel low sulfur fuel oil demand, which has already seen an increase due to stricter environmental rules Continue Reading
South Korea will close down up to 16 coal-fired power plants for three months from December, out of its 60 coal power plants in total, to help reduce air pollution, Continue Reading
South Korea’s crude oil imports from the US in October fell for the sixth consecutive month, while local refiners continued to favor Middle Eastern crude, lifting October Saudi oil shipments Continue Reading
South Korea’s ailing aviation sector and a slowdown in new construction activity will likely continue to weigh on domestic jet fuel and diesel consumption for the rest of the year, Continue Reading
South Korea is joining China and Japan in setting a deadline to zero-out carbon emissions. The Asian country is targeting to become carbon neutral by 2050, President Moon Jae-in said during Continue Reading
South Korea hunkered down as Typhoon Haishen travelled northwards along the country’s east coast on Monday, a day after the powerful storm battered Japan’s southern islands where four people are Continue Reading
South Korea is on track to restart operations at eight nuclear power plants, that were shut for maintenance, and start a newly built plant over the next two months, in Continue Reading
South Korea warned on Monday of a looming novel coronavirus crisis as new outbreaks flared, including one linked to a church where more than 300 members of the congregation have Continue Reading
South Korea reported one of the first major coronavirus outbreaks outside China, yet has kept infections low compared with the U.S. WSJ’s Dasl Yoon shows how smartphones have become one Continue Reading
VLCC of Forties crude arrives in May for first time in 9 months Q3 North Sea crude, condensate imports may surpass 6 mil barrels Forties-WTI price spread on CFR Asia Continue Reading
Samsung Heavy Industries Co. and Bloom Energy have announced an agreement to develop cleaner power for ships by jointly designing fuel cell-powered vessels that will reduce carbon emissions and help Continue Reading
South Korea’s crude oil imports from the US in May dropped 35.7% from a year earlier, which marks the biggest decline since the country began US crude imports, data released Continue Reading
Fuel cell vehicles that use hydrogen and emit only water have long been a goal of green-energy advocates. They have potential advantages over battery-powered cars, including quicker refueling and longer Continue Reading
South Korea has made public a long-term energy plan that stipulates a shift to more renewable energy at the expense of fossil fuels and nuclear power. The Korea Herald reports Continue Reading
South Korea’s Jeju island is famous for the haenyeo, the sea women who dive for seaweed and shellfish in the waters off the volcanic coast, but a new sight has Continue Reading
South Korea, which largely succeeded in quelling the spread of the coronavirus, is back on the defensive, with Seoul’s bars and clubs ordered closed, as the country reported its biggest Continue Reading
South Korea could ramp up its shift toward renewable power, and away from coal and nuclear, under a proposal by a government working group tasked with helping shape its energy future. The Continue Reading
South Korean refiners reduced production of transportation fuels by 7.8% year on year in March, cutting crude throughput 4.3% over the same period, in response to demand destruction caused by Continue Reading
Hyosung and the Linde Group, a leading global provider of industrial gases, will invest 300 billion won (US$246 million) until 2022 in a joint enterprise of creating a value chain Continue Reading
Shipowners are starting to gear up for South Korea’s stricter environmental emissions rules despite having no time to draw breath after transitioning to IMO 2020 and grappling with the coronavirus Continue Reading
South Korea, the country with the fourth-largest commercial storage capacity in Asia, has just run out of room to store more oil, sources familiar with the matter told Bloomberg on Continue Reading
