Tag Archives: Yonhap News Agency

South Korea is thinking seriously about sharing its liquefied natural gas (LNG) inventories with Europe amid looming supply disruptions sparked by the Ukraine crisis, officials said Sunday. “The government is seriously contemplating supporting Europe should the situation aggravate in Ukraine and create difficulties in the supply of natural gas,” a …

South Korea plans to double the number of electric and hydrogen vehicles on its roads next year as part of efforts to achieve its goal of net zero carbon emission by 2050. The government will seek to bring up the number of electric and hydrogen cars in use to about …

South Korea’s oceans ministry said Wednesday it plans to speed up efforts to cut the emissions of greenhouse gases from older ships in line with new environmental regulations from an international body. Last week the International Maritime Organization (IMO) announced its plans to adopt tougher environment rules on ships built …

South Korean shipbuilders are enjoying a booming liquefied petroleum gas (LPG) ship market, snapping up a significant number of new orders placed this year, industry data showed Sunday. South Korean builders have won 31 LPG carriers out of 44 ordered so far this year, accounting for about 70 percent of …

Samsung Heavy Industries Co., the world’s second-biggest shipbuilder by orders, said Wednesday it has won a 815 billion-won ($734 million) order to build four liquefied natural gas ships for an African customer. Samsung Heavy plans to supply the ships by May 2024, the company said. Since Monday, the company has …

The new measures will help reduce the emissions of fine dust and greenhouse gases.

Industry insiders speculate that the Qatari state-run company will need an additional 60 LNG carriers for the project.

South Korean refiners and chemical heavily relied on Iranian condensate for production of various petrochemical products.

In November 2018. US granted exemptions to eight countries including South Korea to import Iran oil.

The combined order figure accounts for 79 percent of the three firms'. order target of $13.2 billion for this year.