South Korea

Enilive aligns conversions in Italy, hubs in Asia and U.S. diversification, with rising HVO margins, integrated pretreatment and HVO/SAF offtakes tied to European requirements, supporting volumes, site utilization and operational guidance.
South Korea becomes the first country to submit a safeguards technical report to the IAEA for a small modular reactor, setting a precedent for early integration of non-proliferation requirements in nuclear design.

Oxford Energy Institute forecasts +120 bcm in global gas demand at $6/MMBtu by 2035

According to the Oxford Institute for Energy Studies, a stable gas price of $6/MMBtu would boost global demand by 60 billion m³ in the short term and 120 billion m³ by 2035, mainly driven by Asia.
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NEO Battery Materials will supply high energy density batteries to a South Korean industrial robotics company under a $2.5M CAD order and joint development agreement over two years.
CMA CGM becomes the first international container shipping company to commission LNG-powered ships from an Indian shipyard, all to be registered under the Indian flag.

Amazon and X-energy advance nuclear project with 12 small reactors

Amazon unveils new visuals of its upcoming nuclear site, marking a key step in its partnership with X-energy to deploy up to 960 MW of modular nuclear capacity in Washington state.
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Swedish ocean energy developer Minesto joined a high-level trade mission to South Korea to explore new cooperation opportunities in marine energy.
Australian group Santos lowers its annual production forecast after an unplanned shutdown at the Barossa project and delayed recovery in the Cooper Basin.

Battery prices in Asia-Pacific drop to record lows through 2029

Utility-scale battery storage system costs continue to fall across Asia-Pacific, but the pace of reductions is expected to slow significantly by 2029, according to Wood Mackenzie projections.
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Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.
The potential removal by Moscow of duties on Chinese gasoline revives export prospects and could tighten regional supply, while Singapore and South Korea remain on the sidelines.

VINSSEN powers an LR2 tanker fully with ammonia-fuelled fuel cells

VINSSEN becomes a central player in designing the world’s first commercial transport vessel fully powered by a fuel cell using ammonia as a hydrogen carrier.
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Seoul estimates Pyongyang holds enough highly enriched uranium to produce up to 50 atomic bombs, reigniting concerns over its growing nuclear arsenal despite international sanctions.
Ørsted and Korea South-East Power Co. (KOEN) have signed a memorandum of understanding to explore joint development of the 1.4 GW Incheon offshore wind project, located off South Korea’s west coast.

Nuclearelectrica secures €620mn for strategic Cernavoda projects

Romanian producer Nuclearelectrica has secured €620mn in funding to modernise Cernavoda unit 1 and launch the next phase of units 3 and 4, backed by a banking syndicate led by JP Morgan.
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Port congestion in Australia has boosted Russian and Indonesian coal exports to South Korea, with both now dominating the market due to lower prices and reliable delivery schedules.
Elcogen opens a 14,000 m² facility near Tallinn, increasing annual capacity to 360 MW for Solid Oxide fuel cells and electrolysers, with backing from Baker Hughes and HD Hyundai.

Australian port congestion reshapes coal flows to South Korea

Russia and Indonesia overtook Australia as South Korea's top thermal coal suppliers in August, driven by lower prices and more reliable logistics amid persistent Australian shipment delays.
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GTT has been selected by Samsung Heavy Industries to design cryogenic tanks for a floating natural gas liquefaction unit, scheduled for deployment at an offshore site in Africa.
Over 500 hydrogen projects are now under construction or operational worldwide, with total committed investments reaching USD110 billion, representing an increase of USD35 billion in one year.
Ineos' hydrogen-powered Grenadier 4x4 tests its off-road capabilities, aiming for carbon neutrality in the UK.
Uganda hosts an IAEA mission to assess and improve its uranium production infrastructure with a view to developing its nuclear capacity.

Energoatom and Hyundai accelerate nuclear development in Ukraine

Energoatom and Hyundai Engineering have signed a crucial agreement for nuclear expansion in Ukraine, promising new global standards in the country's energy industry.
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The fluctuating dollar is severely affecting oil import economies in South Korea and Japan, exacerbating tensions in domestic fuel markets.
NNSA signs agreements with Japan and South Korea to optimize the nuclear proliferation resistance of research reactors.

Russian thermal coal: higher demand expected

Following the Russian government's decision to temporarily abolish customs duties on exports of thermal coal and anthracite, an increase in demand is anticipated, despite competition and current sanctions.
Demande accrue pour le charbon russe
Plug Power Inc, the US leader in hydrogen solutions, secures the first international certification in Korea for its electrolyzers, paving the way for the commercialization of its systems in this strategic market.
Angola, having withdrawn from OPEC, is raising renewed hopes in Asia thanks to its increased oil production, offering greater flexibility in regional supply.

Expanding Energy Storage: Challenges and Solutions for 2030

In the face of the climate emergency, the G7 governments have made a bold commitment to increase global energy storage capacity sixfold by 2030. This development is crucial to support the necessary expansion of renewable energies.
Energy Storage G7
The Czech Republic is providing direct support for the new Dukovany nuclear power plant, guaranteeing stable revenues for 40 years with an innovative protection mechanism.
EDF and KHNP are vying to build four nuclear units in the Czech Republic, reveals CEZ.

QatarEnergy launches giant LNG tanker project in collaboration with China

QatarEnergy is investing six billion dollars in a project to build 18 giant LNG carriers, marking a record in the shipbuilding industry.
QatarEnergy et la Chine s'engagent dans le projet de construction de 18 méthaniers géants pour renforcer la distribution mondiale de GNL.
The European Commission has given the go-ahead for a 300 million euro subsidy to Nuward, an EDF subsidiary, for the development of SMRs aimed at strengthening the European Union's decarbonization and energy autonomy.
In Ottawa, negotiations on the world's first treaty against plastic pollution are seeking a consensus, despite sharp divisions.

Tensions in the Middle East: Stable oil supplies in Asia

Asian refiners are assessing the impact of tensions in the Middle East on freight and marine insurance costs, without fearing for the security of crude oil supplies.
Iran Israël impact pétrole asiatique
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
U.S. LNG exporters continue to favor the Cape of Good Hope route over the Panama Canal for their Asian shipments, despite the addition of a slot through the Panama Canal.

QatarEnergy expands fleet by 104 LNG vessels

QatarEnergy expands its fleet with 104 new LNG vessels, completing the expansion of its conventional fleet and strengthening its global transport capacity.
QatarEnergy achat 19 navires LNG
In March, a record number of US LNG cargoes reached Asia via the Cape of Good Hope, bypassing the Panama and Suez canals.
Indonesia is increasing its coal production quota by almost 30% for 2024, aiming to boost exports despite a sluggish market.