Tag Archives: South Korea

CNOOC. according to its website. is looking for foreign partners to explore and develop 22 blocks this year.

In July. Petronas scrapped a proposed C$36 billion ($29 billion) liquefied natural gas project in western Canada due to weak prices. in a blow to its global ambition.

In July. Iran exported 2.2 million bpd of oil to Asian and European markets. with its exports to Asia up by 100.000 bpd.

Asian companies have actively sought downstream projects in Iran'.s emerging petroleum industry after the easing of international sanctions in January of last year.

Bangladesh plands a third LNG-import venture on Moheshkhali. at Matabari. Power Cell is offering a 60% stake in this land-based. 3.5 mta project.

The KNOC data is considered the industry standard for South Korea'.s oil imports.

The establishment of joint venture is a follow-up of a MOU for new business opportunities collaboration signed in November 2015 with Saudi Aramco.

LNG imports could also ease trade tensions between South Korea and President Donald Trump. The U.S. ran a $17 billion trade deficit in goods and services with South Korea in 2016.

KoGas currently has offtake contracts with a number of LNG producers that are mostly located in the Asia Pacific and the Middle East.

The JDP aims to develop two 30K LNG carrier designs. one with membrane type LNG tanks and one with type-C LNG tanks.