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HomeSouth Korea

South Korea

South Korea
International News

KSOE bags $2.2 billion order for 10 LNG carriers

July 7, 2022 Mariel Alumit

South Korean shipbuilding group Korea Shipbuilding & Offshore Engineering (KSOE) has received two orders for the construction of a total of ten liquefied natural gas (LNG) carriers. The orders have a combined value of KRW 2.87 […]

South Korea
International News

South Korea to raise electricity rates to reflect spikes in fuel prices

June 27, 2022 Mariel Alumit

The South Korean government has decided to raise electricity rates by Won 5/kWh (0.4 cent/kWh) for the third quarter to reflect spikes in prices of fuels such as LNG and coal, the energy ministry and […]

Coal

Seoul relaxes winter coal-fired plant restrictions

November 26, 2021 Mariel Alumit

Of state-owned Kepco’s 53 coal-fired units, 8-16 will shut from 1 December to 28 February as part of the winter fine-dust management policy, the energy ministry said today. The ministry suspended 9-16 of 56 units […]

ENB Pub Note

Giant China Project Leads the Rise of Renewable Mega-Hubs

October 14, 2021 Mariel Alumit

ENB Publishers Note: While some see this article as China is the renewable king, others see it as China is getting its power claws into all of these countries by financing major portions. – Ultimately […]

Iraq Aims To Increase Oil Exports To Asia With South Korea Deal - EnergyNewsBeat
Commodities

S.Korea, Chinese refiners snap up U.S. Mars crude

August 18, 2021 Stu Turley

South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said. The purchases could lift […]

Coal

Hyundai Unit Will Complete Final Projects Before Quitting Coal

July 24, 2021 Stu Turley

The construction arm of Hyundai Motor Co., South Korea’s top automaker, will push ahead with a coal-fired power plant in Vietnam even as it pledges to end any new work involving the fossil fuel. Hyundai Engineering […]

Renewables Not Sustainable

U.S. solar company GAF Energy moving production back home from Asia

May 12, 2021 Andy Del Prado

A small U.S. solar company, GAF Energy, said on Tuesday it would move its manufacturing out of Asia to a new facility in Silicon Valley as it seeks to develop a next-generation technology to integrate solar panels with roof […]

Crude oil and Money -EnergyNewsBeat.com
Crude Oil News

OPINION: The oil markets – On the way to recovery

May 4, 2021 Andy Del Prado

New Delhi: It is safe to say that the oil markets are on the way to recovery, despite still-widespread Covid-19 infections, notably in India, Europe and the US, after suffering what has been its worst year ever. […]

Coal

South Korea ends aid for coal plants overseas

April 23, 2021 Andy Del Prado

Washington, April 22, 2021 -South Korea will stop funding coal-powered plants overseas, President Moon Jae-in told a US-led summit Thursday, as he vowed a larger role in fighting climate change. The progressive president said he was expanding […]

Suralaya in Indonesia - EnergyNewsBeat.com
Coal

South Korea faces a public reckoning for financing coal plants in Indonesia

April 15, 2021 Stu Turley

The coastal town of Suralaya in Indonesia’s West Java province has eight coal-fired power generating units in its vicinity, which residents blame for respiratory ailments and declining fish catches. South Korean public financial institutions are […]

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