WASHINGTON, March 4 (Korea Bizwire) — U.S. President Donald Trump is set to say Tuesday that South Korea, Japan and other countries want to be partners as his administration is working on a natural gas pipeline in Alaska, according to excerpts of his planned address to a joint session of Congress. The White House released [...]
Wood Mackenzie report highlights gas’s role in supporting renewables and reducing emissions; carbon prices needed to support LNG’s displacement of coal; analysis shows LNG is 60% less GHG-intensive than coal LONDON/HOUSTON/SINGAPORE, February 20, 2025 – Natural gas will play a vital role in the energy transition, supporting the expansion of renewables and accelerating the shift away [...]
POHANG, March 14 (Korea Bizwire) — A fire fueled by underground natural gas, a rare resource in South Korea, has been burning for six straight years in the southeastern city of Pohang. In March 2017, a construction company drilled a tube well 200 meters underground to develop underground water in a Pohang park. During the [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea will raise natural gas prices for civilian use next month amid high international gas prices, the industry ministry said Friday. Starting in October, natural gas prices for households and commercial use will be hiked by 2.7 won (US$0.002) per megajoule, the ministry said in a press release. [...]
SEOUL, Sept. 25 (Korea Bizwire) — POSCO International Corp., the commodity trading unit of South Korean steel giant POSCO Holdings Co., said Sunday it is investing a combined 280 billion won (US$198.2 million) to triple its natural gas production in the next three years. The funding will be provided to Senex, a subsidiary co-owned by [...]
SEOUL, April 28 (Korea Bizwire) — South Korea plans to send part of its liquefied natural gas (LNG) supplies to Europe to help ease an energy crisis over Russia’s invasion of Ukraine, officials said Thursday. Concerns have grown over natural gas supply disruptions in Europe amid the ongoing crisis surrounding Ukraine, as Russia is the [...]
SEOUL, April 22 (Korea Bizwire) — South Korea’s state-run gas importer said Friday it has signed a contract to import 1.58 million tons of U.S.-produced liquefied natural gas (LNG) from the British oil company BP Plc annually. Under the contract, KOGAS will import the LNG, beginning in 2025, for 18 years. The LNG, which will [...]
TORONTO, Mar. 26 (Korea Bizwire) — Romet Limited was honored for a second consecutive year with Canada’s Best Managed Companies designation, a respected and leading business awards program, recognizing excellence in private Canadian-owned companies. Each year, hundred’s of entrepreneurial companies undergo a rigorous application process, but only the best are awarded with this prestigious designation. [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korean business leaders said Tuesday they have asked Australia to reconsider its plans to restrict natural gas exports, concerned that the measure will affect access to the energy resource. The Federation of Korean Industries (FKI) said it made the request at the Australia-Korea Business Council (AKBC) meeting held [...]
POHANG, Aug. 26 (Korea Bizwire) — For the past five months, a fire has burned day and night in the heart of Pohang. Which is why the city announced on August 24 that it has begun the construction of a ring of fire-resistant glass and a platform around the fire in order to turn it [...]