Corée du Sud

Japan urgently secures LNG cargoes amid critically low reserves

Japan has urgently secured several additional cargoes of liquefied natural gas from the United States to avert an imminent electricity supply shortage caused by rapidly declining national reserves expected at the end of July.

UK and Czech Republic sign agreement to accelerate civil nuclear development

London and Prague formalise a strategic partnership to develop the nuclear sector, focusing on small modular reactors and industrial cooperation on supply chains.

Stellantis ends its hydrogen van programme as market outlook remains limited

Manufacturer Stellantis halts production of its hydrogen-powered commercial vehicles, citing a lack of commercial prospects and an insufficient market, according to a statement released by the automotive group.
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Brasilia Prepares Trade Countermeasures Amid New U.S. Tariffs of 50%

Brazil adopts new rules allowing immediate commercial measures to counter the U.S. decision to impose an exceptional 50% customs tariff on all Brazilian exports, threatening stability in bilateral trade valued at billions of dollars.

Ørsted secures $2.75bn for Greater Changhua 2 from 25 banks and 5 export agencies

Ørsted has completed a $2.75bn project financing with 25 banks and five export credit agencies for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan, strengthening its industrial partnership strategy. —

LNG Canada launch has no immediate effect on gas prices

The commissioning of LNG Canada, the first major Canadian liquefied natural gas export facility led by Shell, has not yet triggered the anticipated rise in natural gas prices in western Canada, still facing persistent oversupply.
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TerraPower awards three major contracts for its Natrium reactor in the United States

TerraPower has selected three new American suppliers for its advanced Natrium nuclear reactor, confirming progress on the project located in Kemmerer, Wyoming, intended to replace a retiring coal-fired power plant.

Photovoltaic films market to reach $41.59bn by 2034 according to MarketsandMarkets

The global photovoltaic films market is expected to see significant growth, reaching $41.59bn by 2034 due to the development of new solar technologies and the increasing demand for encapsulation suited to these innovations, a recent study indicates.

South Korea reduces its dependence on fossil fuels below 50%

In April 2025, fossil fuels represented 49.5% of South Korea's electricity mix, dropping below the symbolic threshold of 50% for the first time, primarily due to a historic decline in coal-generated electricity production.
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TotalEnergies signs with Daehwa Pharmaceutical to install solar system in Korea

TotalEnergies will develop a 1.8 MW photovoltaic installation for Daehwa Pharmaceutical, covering approximately 20% of the annual energy requirements of the production site located in Hoengseong-gun, South Korea, under a 20-year agreement.

Global microgrid market to reach 191 billion dollars by 2033

Estimated at 40.9 billion dollars in 2024, the global microgrid market is expected to grow at an average annual rate of 19.28% to reach 191.01 billion dollars by 2033, driven notably by innovative energy contracts.

Seoul approves definitive decommissioning of South Korea’s first nuclear reactor

South Korea's Nuclear Safety and Security Commission officially validates the decommissioning of reactor number one at the Kori plant, initiating an unprecedented project for the national industry scheduled to last until 2037.
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Global photovoltaic market heading towards $968.32bn by 2030

Estimated at $613.57bn in 2025, the global photovoltaic market is expected to reach $968.32bn by 2030, driven by declining costs and growing demand from residential and utility sectors, according to a MarketsandMarkets analysis published on June 26.

Brno rejects EDF lawsuit over Czech nuclear contract

A regional court has upheld the award of two new reactors in the Czech Republic to Korea Hydro & Nuclear Power, dismissing Électricité de France’s challenge to the €16bn contract in a decisive step for the national energy programme.

Fortum selects Westinghouse to study an AP1000 reactor in Finland

The preliminary agreement launches planning and site assessment for a tailored AP1000 reactor, following two years of feasibility study, and enlists Westinghouse and Hyundai to support Fortum’s regional nuclear expansion.
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Global SCADA market to reach $3.56bn by 2030

Driven by strong solar adoption, the global SCADA systems market for renewable energy is expected to reach $3.56bn by 2030, with an estimated average annual growth rate of 12.7%, according to MarketsandMarkets.

Seoul freezes electricity rates amid LNG supply risk concerns

South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.

TerraPower raises $650 million with NVIDIA for modular reactors

TerraPower, an American nuclear company, secures $650 million funding from investors, including NVIDIA, to develop its Natrium modular reactors in the United States and internationally.
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Lee Jae-myung could slow nuclear expansion in South Korea

South Korea's new president, Lee Jae-myung, is reviewing the national energy policy, aiming to rebalance nuclear regulations without immediately shutting down reactors currently in operation.

Intense Heat in Asia Boosts U.S. LNG Exports

Above-average summer temperatures in Asia are significantly boosting demand for American liquefied natural gas, offsetting a potential slowdown in Europe and opening new commercial opportunities for U.S. exporters.

South Korean refiners under pressure from Chinese oil exports

Increased exports of Chinese petroleum products are threatening the margins of South Korean refiners, already under pressure, in a fragile regional economic context.

Asia, a key market for Russian fuel oil, led by China and Saudi Arabia

Russia increases fuel oil and VGO exports to Asia. China and Saudi Arabia stand out as the main importers, according to LSEG data.

Armenia: Launch of a Public Company for Nuclear Development

The Armenian government creates a public entity to oversee the construction of a new nuclear reactor, key to the country's energy future.
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Energy demand in South Korea reaches record levels

In the midst of a heatwave, South Korea's electricity consumption peaked at 94.6 GW. The government ensures continuity of supply through optimized management of nuclear and LNG power plants.

Russian thermal coal exports on the rise

Russian exports of thermal coal have risen sharply, boosted by strong demand in the Asia-Pacific and Mediterranean regions, as well as a temporary reduction in export tariffs.

TotalEnergies delivers its first 100% waste oil marine biofuel to Singapore

TotalEnergies has taken a strategic step forward by supplying its first marine biofuel made from used cooking oil to Singapore, in response to growing demand for alternative fuels in the maritime sector.
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Saudi Aramco allocates September crude volumes to Asian refiners

Saudi Aramco confirms allocation of September crude volumes to Asian refiners, with specific adjustments in China.

U.S. provides $1.45 billion loan guarantee to Qcells in Georgia

The U.S. Department of Energy provides Qcells with a $1.45 billion conditional loan guarantee to support the expansion of its solar panel manufacturing plant in Georgia.

American LNG to Asia increases via the Cape of Good Hope

U.S. LNG exports to Asia via the Cape of Good Hope hit a record high in July, despite the partial lifting of restrictions at the Panama Canal.
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Asian LNG spot prices rise on geopolitical uncertainties

Spot LNG prices in Asia are at their highest level for seven months, driven by tensions over Russian supplies and rising demand amid extreme weather conditions.

SK Innovation invests in underwater carbon storage in Australia

SK Innovation takes a 20% stake in the G-15-AP project in Australia, marking a shift towards decarbonization and diversification of its energy activities.

Australia: EPA decision on Woodside’s Browse gas project postponed

Western Australia's Environmental Protection Authority (EPA) postpones its final decision on Woodside's Browse gas project, delaying a major energy project.

Petronas delays LNG loading at Bintulu at the height of the summer season

Petronas is asking some customers to delay LNG loadings at the Bintulu terminal in August due to technical problems affecting MLNG Tiga.

US LNG Exports to Asia Increase in July

Increased demand in Asia-Pacific is redirecting US LNG exports, reducing deliveries to Europe.

China and South Korea to be main customers for US LNG in July

In July, China and South Korea dominated US LNG imports, while Europe's share declined significantly.
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Russian thermal coal exports surpass those of Colombia

Thermal coal exports from Russia to South Korea exceeded those from Colombia in July, thanks to lower freight costs and weather disruptions in Colombia.

Green ammonia to decarbonize coal-fired power plants in China

China is developing green ammonia projects to reduce emissions from its coal-fired power plants, marking a shift towards cleaner energy.

Home Energy Management: New Real-Time Pricing Models

Researchers at Chung-Ang University propose a predictive energy management system with a customized real-time bidirectional pricing mechanism to improve power grid balance.
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India and China, Leaders of Electrical Growth in 2024-2025

India and China will dominate global electricity demand in 2024-2025, with increases of 8% and 6.5%, according to the IEA, driven by economic growth and heat waves.

The United Arab Emirates plan a second nuclear power plant

The United Arab Emirates is exploring the possibility of building a new nuclear power plant to meet growing electricity demand, with a potential tender this year.