South Korea

South Korea under industrial pressure over emissions targets deemed unrealistic

South Korean refiners warn of excessive emissions targets as government considers cuts of up to 60% from 2018 levels.

The liquid hydrogen micro-storage systems market to reach $738.6mn by 2034

Driven by aerospace, industrial gas, and hydrogen investment, the global liquid hydrogen micro-storage systems market is projected to grow 9% annually through 2034.

Sinopec and LG Chem Sign Agreement to Develop Sodium-Ion Battery Materials

Sinopec and LG Chem announce a strategic partnership to develop key materials for sodium-ion batteries. This collaboration aims to accelerate the commercialization of this technology in energy storage systems and low-speed electric vehicles.
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QatarEnergy awards EPC contract for 4.1 MTPA CCS project

QatarEnergy has awarded Samsung C&T Corporation an EPC contract for a 4.1 MTPA carbon capture project, supporting its expansion into low-carbon energy at Ras Laffan.

Air Liquide raises €2.15bn to finance the purchase of South Korea’s DIG Airgas

The French industrial gas group issued bonds with an average rate below 3% to secure the strategic acquisition of DIG Airgas, its largest transaction in a decade.

Excelerate Energy to build Iraq’s first floating LNG terminal in $450 mn deal

Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop a floating liquefied natural gas import terminal at Khor Al Zubair, with a projected investment of $450 mn.
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MIT launches Macro, a modelling tool to anticipate energy infrastructure needs

A new software developed by MIT enables energy system planners to assess future infrastructure requirements amid uncertainties linked to the energy transition and rising electricity demand.

Utility launches its first H2Gen® hydrogen certification site outside the United States in Korea

U.S.-based Utility will build a hydrogen production and certification facility in Seongnam, using biogas, marking a strategic step for the expansion of its H2Gen® technology in the South Korean market.

Why lithium-ion battery technology maintains such dominance

Despite the emergence of new storage technologies, lithium-ion batteries retain a dominant position thanks to industrial leadership, improved performance and a high geographic concentration of production capacity.
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Eni phases its biorefineries to 1.65 Mt/y and secures financing

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 submits first nuclear safeguards report for SMR

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 signs $2.5M CAD contract for lithium-silicon batteries with South Korean robotics group

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 orders six LNG container ships from India’s Cochin Shipyard

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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Minesto strengthens presence in South Korea with official Swedish delegation

Swedish ocean energy developer Minesto joined a high-level trade mission to South Korea to explore new cooperation opportunities in marine energy.

Santos cuts 2025 production forecast again due to technical issue

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 distillate stocks rise above 10 million barrels

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.

China could supply gasoline to Russia if Moscow removes import duties

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.

Batteries: price drops and global expansion strengthen market competitiveness

The global battery market continues its rapid expansion, driven by falling prices and increasing production capacities, leading to heightened competition among major global producers.

Samsung E&A acquires 9.1% of Nel ASA and signs a strategic agreement

Samsung E&A invests $33.2 mn in Nel ASA, becoming its largest individual shareholder. The strategic agreement aims to develop hydrogen plants integrating Nel’s electrolysers.

HD Hyundai and TerraPower sign an agreement to structure the industrialisation of Natrium reactors

HD Hyundai and TerraPower have entered into a strategic partnership to optimise the manufacturing of Natrium reactor components. This collaboration aims to structure an industrial supply chain to accelerate their global deployment.
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KHNP and Samsung C&T Form Strategic Alliance for International Nuclear Projects

KHNP and Samsung C&T have signed an agreement to collaborate on international nuclear projects, aiming to strengthen their global competitiveness, particularly in the rapidly growing Asia-Pacific market.

SK Energy signs SAF supply agreement with Cathay Pacific

SK Energy will supply ISCC-certified sustainable aviation fuel to Cathay Pacific until 2027, strengthening its presence in the regional SAF market in Asia-Pacific.

Ocean Winds obtains a license for a 1.125 GW offshore wind farm in South Korea

Ocean Winds has obtained an electricity business license for its 1.125 GW Hanbando offshore wind project in South Korea. This approval allows the company to initiate the necessary environmental and technical studies for its implementation.
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Alaska pipeline project could meet Asian demand

US President Donald Trump has announced an Alaska pipeline project to transport natural gas to the Asian market, with ongoing discussions for partnerships with Japan and South Korea.

Trump relaunches Alaskan pipeline project for Asia

Donald Trump confirmed his intention to finalise a major pipeline project in Alaska, aiming to supply natural gas to Asian countries such as Japan and South Korea. The project, one of the largest in the world, could strengthen the region's energy supply.

Australia: Major breakthrough in reducing CO2 transport costs

A study by FenEx CRC confirms the feasibility of transporting CO2 at low pressure and temperature, a breakthrough that could accelerate the commercial viability of carbon sequestration in Australia.
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Inspection by the IAEA at Fukushima: Progress of the Decommissioning and Strategic Issues

The Director of the International Atomic Energy Agency (IAEA), Rafael Grossi, visited Fukushima to oversee the soil decontamination efforts and the decommissioning of the nuclear plant. This visit comes as Japan intensifies its efforts to manage radioactive waste and increase the transparency of its nuclear program.

HD Korea Shipbuilding Unveils Nuclear-Powered Ship Model Using Small Modular Reactor (SMR)

HD Korea Shipbuilding & Offshore Engineering has revealed a nuclear-powered container ship model utilizing Small Modular Reactor (SMR) technology, emphasizing economic efficiency and safety, marking a turning point in the maritime industry.

Vestas multiplies its net profit in 2024 and records an all-time high order backlog

The world leader in wind energy, Vestas, multiplied its net profit sixfold in 2024, reaching €499 million. With a record order backlog of €68.4 billion, the Danish group is betting on offshore wind power to sustain its growth.
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Baker Hughes and Hanwha Partner to Develop an Ammonia Turbine

Baker Hughes and Hanwha have signed an agreement to develop an ammonia turbine for the maritime and energy sectors. This partnership aims to provide an alternative to diesel engines by using dual technology powered by ammonia and natural gas.

Westinghouse and EDF Compete for Slovenia’s JEK2 Nuclear Project

GEN energija has selected Westinghouse and EDF to conduct a technical feasibility study on Slovenia's JEK2 nuclear project. KHNP, initially in the race, has decided not to submit a bid due to a strategic shift.

NuScale and Alleima Strengthen Collaboration on Small Modular Reactors

Swedish manufacturer Alleima signs a second major order with Doosan Enerbility for the supply of steam generator tubes for NuScale Power's Small Modular Reactors (SMRs).
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Syzygy and Lotte revolutionize hydrogen production in South Korea

Lotte Chemical and Syzygy Plasmonics complete performance tests of an innovative system in Ulsan, South Korea, paving the way for new commercial opportunities in the Asian hydrogen market.

Taean Wind Power: A 500 MW Offshore Project, a New Strategic Step for South Korea

Copenhagen Infrastructure Partners and Vena Energy move forward with the Taean offshore wind project, strengthening South Korea's energy independence and optimizing synergies with the local supply chain.

Enilive launches major sustainable aviation fuel production in Sicily

Enilive has started producing sustainable aviation fuel (SAF) at its biorefinery in Gela, Sicily, with an annual capacity of 400,000 tons, meeting nearly a third of Europe's projected demand for 2025.
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Decline in Asian LNG MOC Activity Despite the Winter Season

Liquefied natural gas (LNG) transactions observed on the Market on Close (MOC) are slowing due to high inventories and limited demand, despite the traditionally buoyant winter period.

The United States will receive 4.4 GWh of LG batteries for Aptera solar vehicles

LG Energy Solution will supply 4.4 GWh of cylindrical batteries over seven years for Aptera Motors’ solar vehicles, a project aiming to revolutionize sustainable mobility in the United States starting in 2025.