South Korea will boost nuclear power generation and downgrade its plans for renewable energy as the nation overhauls its electricity mix to meet emissions reduction targets.
“We’re not interested in a regulated asset model, not at a fixed 5% return,” he continued. Investors have to be able to cover failures through higher returns on their successes. “We’re looking at returns into the teens on returns.”
Posco International is one of the last foreign companies with a significant stake in Myanmar’s oil and gas sector, despite the industry’s ties to a military regime that has been widely condemned for violations of human rights.
Indonesia’s Pertamina has reportedly successfully decommissioned the Southeast Asian country’s first offshore oil and gas platform in partnership with South Korean companies, according to upstream regulator SKK Migas.
The Korea-Indonesia Offshore Research Cooperation Center (KIORCC) is promoting collaboration between South Korean and Indonesian companies to develop LNG infrastructure facilities in Sulawesi to support the government’s plans to make use of gas as part of its energy transition strategy.
DNV, the independent energy expert and assurance provider, has been appointed by Elenergy, a Korean renewable energy development company, as owner’s engineer for its 1.5 GW fixed-bottom Chujin offshore wind project.
Europe’s near-term natural gas supply glut means more fuel for Asia this winter.
Fresh research from trade body RenewableUK shines a light on the massive growth in floating offshore wind projects in recent months.
Chevron (NYSE:CVX) has safely delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo to CPC Taiwan’s terminal at Kaohsiung from the Gorgon project in Australia, the US giant said Thursday.
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.