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Friday, April 29, 2016

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News - Korea

Displaying 1 - 10 of 11 articles

Asia's Soaring Energy Demands will Pose Major Economic, Climate, Health Risks -- Report

Asia is moving along a dangerous path that will threaten its energy security, worsen environmental damages and widen the gap between rich and poor unless the region dramatically changes its course of energy use, the Asian Development Bank (ADB) said in a report published yesterday.  Asia's Energy...

Komipo Strikes $3.4 bn LNG Deal With Vitol

Korea Midland Power Co. Ltd., or Komipo, has inked a $3.4 billion deal with Switzerland's Vitol SA to buy liquefied natural gas for 10 years starting in 2015. Komipo plans to take in 400,000 metric tons of LNG a year from Vitol from 2015 to 2024, the company said in a statement. The company didn't disclose...

South Korea Firms to Up Oil, Gas Investment

Over 50 Korean firms are expected to invest a sum $11.8 billion next year to develop oil and gas resources, the ministry of knowledge economy said on Wednesday. These investments will take place primarily in the overseas territory. Last year, Korean firms invested about $8.8 billion. Korea National...

North Korea to Reap Gas Transit Fees

North Korea is likely to receive $100 million per year if it becomes a transit country for Russian gas supplies to South Korea, a Russian official said on Thursday. In August, Russia and North Korea had reached an agreement to draw up a project to build a gas pipeline to South Korea. The pipeline will...

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