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S. Korea, Vietnam To Join Hands For Energy, Nuclear Power Cooperation

S. Korea, Vietnam To Join Hands For Energy, Nuclear Power Cooperation

SEOUL, Aug. 11 (Korea Bizwire) — South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday. The countries’ industry ministries signed a memorandum of understanding (MOU) to [...]

S. Korea to Buy US$100 Bln Worth of American Energy Over 4 Yrs as Part of Tariff Deal

S. Korea to Buy US$100 Bln Worth of American Energy Over 4 Yrs as Part of Tariff Deal

SEOUL, July 31 (Korea Bizwire) — South Korea has agreed to purchase US$100 billion worth of liquefied natural gas (LNG) and other energy products from the United States over the next four years under a tariff deal, U.S. President Donald Trump’s administration announced Thursday. However, the plan does not involve purchasing Alaskan LNG or participation [...]

Energy Supply Yet To Suffer Disruption Amid Middle East Tensions: Industry Ministry

Energy Supply Yet To Suffer Disruption Amid Middle East Tensions: Industry Ministry

SEOUL, June 19 (Korea Bizwire) – South Korea’s energy supply has yet to experience any disturbance from the Israel-Iran conflict, Seoul’s industry ministry said Thursday, noting it is maintaining an emergency mode in response to escalating tensions in the Middle East. The Ministry of Trade, Industry and Energy held an emergency meeting with officials from [...]

Gov’t Conducts Emergency Review Of Oil, Gas Supplies Amid Rising Tensions In Middle East

Gov’t Conducts Emergency Review Of Oil, Gas Supplies Amid Rising Tensions In Middle East

SEOUL, June 13 (Korea Bizwire) — The government conducted an emergency review of the country’s oil and gas supplies Friday amid escalating tensions in the Middle East following Israel’s strike on Iran, the industry ministry said, adding the country faces no immediate problem. The Ministry of Trade, Industry and Energy held the meeting with officials [...]

U.S. DOE Official Highlights S. Korea’s Role in Trump Administration’s Energy Strategy

U.S. DOE Official Highlights S. Korea’s Role in Trump Administration’s Energy Strategy

SEOUL, April 18 (Korea Bizwire) – A senior U.S. energy official on Friday underscored South Korea’s growing significance in the Donald Trump administration’s push to expand American energy exports and diversify global supply chains. Speaking via video remarks at an energy forum hosted by the American Chamber of Commerce in Korea (AMCHAM) held in Seoul, [...]

S. Korea’s Energy Consumption Grows at Slower-than-average Pace in 2022 on Pandemic

S. Korea’s Energy Consumption Grows at Slower-than-average Pace in 2022 on Pandemic

SEOUL, March 12 (Korea Bizwire) — South Korea’s energy consumption grew at a sharply slower pace in 2022 than in previous years mainly due to limited transportation during the COVID-19 pandemic and lower demand from households, the industry ministry said Wednesday. The country’s overall energy consumption stood at 230 million tons of oil equivalent (TOE) [...]

S. Korea, Czech Republic Hold High-level Supply Chain, Energy Dialogue in Seoul

S. Korea, Czech Republic Hold High-level Supply Chain, Energy Dialogue in Seoul

SEJONG, Feb. 17 (Korea Bizwire) — South Korea and the Czech Republic held a high-level bilateral supply chain and energy dialogue (SCED) Monday, as the two sides seek to deepen cooperation in various sectors, including trade, eco-friendly energy and nuclear power plants, Seoul’s industry ministry said. Industry Minister Ahn Duk-geun and his Czech counterpart, Lukas [...]

S. Korea, Qatar Agree on Stronger Cooperation on Energy Supplies, Renewable Resources

S. Korea, Qatar Agree on Stronger Cooperation on Energy Supplies, Renewable Resources

SEOUL, Nov. 4 (Korea Bizwire) — Top industry officials of South Korea and Qatar agreed Monday to maintain strong cooperation on energy supplies amid geopolitical tensions and expand their ties into a wide range of energy and shipbuilding sectors, Seoul’s industry ministry said. South Korea’s Industry Minister Ahn Duk-geun and Qatar’s Minister of State for [...]

Wood Mackenzie launches Lens Metals & Mining

Wood Mackenzie launches Lens Metals & Mining

The new data analytics solution for strategic workflows and corporate decision-making  LONDON 01 October 2024 (Korea Bizwire) – Wood Mackenzie, the global insight business for renewables, energy, and natural resources, has launched Lens Metals & Mining, a cross-commodities data analytics platform. This solution allows analysis of key mined commodity markets and assets  within the energy and [...]

Peak Energy Consumption up 30 Pct during Chuseok Holiday

Peak Energy Consumption up 30 Pct during Chuseok Holiday

SEOUL, Sept. 19 (Korea Bizwire) — The peak electricity demand jumped 30 percent on-year during the Chuseok holiday, data showed Thursday, in the latest evidence that autumn heat has gripped the nation. The country’s average maximum power demand reached 70.3 gigawatts from Monday to Wednesday, compared with 54.4 gigawatts recorded during the previous year’s Chuseok, [...]