Indonesia’s national oil company Pertamina has signed an agreement on a joint rig-to-reef pilot project with South Korea’s KHAN covering the Attaka offshore blocks in East Kalimantan, Indonesia.
A nuclear plant and industrial giants in South Korea began taking precautions with the most powerful storm in the nation’s history poised to make landfall early Tuesday, after disrupting ports and air traffic across China and Japan.
South Korea is looking to buy more liquefied natural gas to replenish stockpiles before winter.
Petronas today signed a memorandum of understanding (MoU) with six South Korean companies to undertake conceptual and feasibility studies towards establishing a full value chain related to carbon dioxide (CO2) capture, transport and storage.
A potential resurgence in nuclear power combined with increasing renewable energy capacity could see less liquefied natural gas (LNG) fueled power projects built in South Korea than previously anticipated.
The coal plus renewables energy transition led by Asia Pacific’s largest growth markets – China and India – is gathering speed. Significantly, it is a lot cheaper than the natural gas plus renewables path followed by the EU and US to lower emissions.
Asia’s top liquefied natural gas (LNG) importers are accelerating efforts to secure fuel for winter on fears that Russia will curb supply and further tighten the global market. This could pose a further setback for Europe as it tries to manage its energy crisis.
Samsung Heavy Industries said Wednesday it has won orders for 14 liquefied natural gas (LNG) carriers worth 3.9 trillion won ($3 billion) as European countries cut natural gas imports from Russia and seek alternative sources of the fuel in the wake of the Ukraine invasion, reported Nikkei Asia.
BP has acquired a stake in and will lead one of the world’s largest clean energy projects, which aims to supply green hydrogen from Australia to key markets including South Korea and Japan.
US liquefied natural gas (LNG) developer Cheniere Energy will supply 0.4 million tonnes per year of LNG to South Korea’s POSCO International Corporation, owner of the Asian nation’s first private LNG import terminal, under a new long-term deal.
Sahara Group and Nigerian National Petroleum Corp. (NNPC) have taken ownership of two LPG vessels in South Korea, with plans to reach 10 vessels in the next 10 years.
A South Korean court has rejected an application from a group of indigenous Australians to block South Korean export credit agencies from funding a deep-water pipeline for the Santos-led (ASX:STO) Barossa gas and liquefied natural gas (LNG) project off northern Australia.
Nuclear power will play a crucial role in China’s decarbonisation drive with capacity set to expand 7% every year to 2035, according to S&P Global Ratings.
Technip Energies will carry out a front-end engineering and design (FEED) work for Equinor’s floating offshore wind Firefly project in South Korea.,
Following presidential elections earlier this month, energy-short South Korea looks set to pivot back towards nuclear power, leaving the outlook for liquefied natural gas (LNG) imports less certain.
South Korea’s Samsung and Hyundai will collaborate with Global Green Growth Institute (GGGI) on a $1.2 billion clean energy project in Indonesia to produce green hydrogen.
Traditional landowners in Australia’s Northern Territory have launched legal action against South Korea’s export credit agencies in an attempt to block funding for the Santos-led $3.6 billion Barossa gas project, which will backfill the Darwin liquefied natural gas (LNG) export plant.
Ørsted has signed memoranda of understanding (MoUs) with two South Korean utilities which would see the companies collaborate on a proposed 1.6GW offshore wind project.
South Korea’s government is being criticised for including natural gas in a category of activities that it deems will help cut emissions.
South Korea’s largest private gas provider SK E&S is facing legal action from a climate activist group alleging that it falsely advertised the green credentials of the Santos-led (ASX:STO) Barossa liquefied natural gas (LNG) project in Australia.
Malaysian state energy company Petronas and South Korea’s POSCO International will jointly explore opportunities in carbon capture and storage (CCS) technologies, as well as carbon dioxide (CO2) storage solutions in Malaysia. Significantly, Petronas wants to establish Malaysia as the leading hub for CCS in the Asia region.
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) is busy positioning itself for a future in which hydrogen may play a growing role in the energy mix. Significantly, it is working closely with customers in its traditional LNG export markets – particularly Japan and South Korea – to meet demand for cleaner forms of energy.
The UK will back President Joe Biden’s plans to release emergency oil supplies in an attempt to reduce the price of oil.
Dwindling inventories and concerns over energy security in key Asian economies may hamstring US efforts to arrange for a sizeable and coordinated release of strategic crude reserves in a bid to rein in prices and tackle inflation.
Equinor has signed a memorandum of understanding with Korean East-West Power (EWP) to cooperate on 3 GW of offshore wind projects in South Korea.