Tag Archives: South Korea

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.

The allocation of the $13-billion credit line by South Korea to Iran would open the way for Japanese and European banks to do the same with the country.

South Korea imported 4.23 million tonnes of crude oil. or 999.680 bpd. from the world'.s top crude exporter in May.

The Samcheok LNG facility currently operates nine 200.000 kiloliter LNG storage tanks.

The price of gas-fired electricity in March was 129.51 won ($0.1160) per kilowatt-hour (kWh). 40 percent more than coal and nearly double the cost of nuclear power.

The PV industry was the largest employer in 2016. with 3.1 million jobs - up 12 percent from 2015 - mainly in China. the United States and India.

In the first four months of 2017. the four Asian countries imported 1.8 million bpd. a 40 percent rise from the same period last year.