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 Korea relaunches its nuclear policy with two new reactors

The South Korean government validates the construction of two nuclear reactors at Uljin, marking a major strategic shift in its energy policy.

Russia may restrict exports of uranium, titanium and nickel

Faced with Western sanctions, Russia could limit its exports of strategic metals such as uranium, titanium and nickel, directly impacting global markets and supply chains.

East Timor and Australia to reach agreement on Greater Sunrise gas

East Timor and Australia plan to sign an agreement by November on the development of the Greater Sunrise gas field, a strategic and economic issue for both countries.
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India-UAE agreement to increase crude oil storage capacity

India and the United Arab Emirates explore new opportunities to increase strategic crude oil storage and enter into a production concession agreement to strengthen their energy cooperation.

Prague to decide on SMR reactor supplier by the end of 2024

CEZ, the Czech energy group, will choose a partner by the end of the year to install up to ten modular nuclear reactors (SMRs), reinforcing its energy diversification strategy.

Brent crude falls to a 9-month record low: Markets in a state of uncertainty

Brent crude prices fell sharply on expectations of a rapid resumption of Libyan exports and possible adjustments to OPEC+ production cuts.
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EDF Renewables takes position in South Korean offshore wind energy

EDF Renewables acquires West Sea Energy 1 in South Korea, aiming to develop a 1.5 GW offshore wind project and obtain an operating license by 2025.

Czech Republic: investigation into nuclear award denounced by EDF and Westinghouse

The Czech Competition Office (UOHS) is analyzing the appeals lodged by Westinghouse and EDF against the selection of Korea Hydro & Nuclear Power Company to build two reactors.

Extended exemption from Russian coal export duties

Russia extends export duty exemption for thermal coal until December. Despite this measure, logistical restrictions and sanctions continue to hold back global demand.
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LNG market under pressure as uncertain winter approaches

Despite high European inventories, the global LNG market remains exposed to supply risks and growing demand from Asia and Latin America, fuelling tensions ahead of winter.

South Korea: environmental approval for 1.1 GW floating wind farm

Mainstream Renewable Power and Ocean Winds secure the environmental impact assessment for a 1.1 GW floating wind project in South Korea, facilitating the construction phase and strengthening the country's offshore market.

Norway and South Korea: Cooperation on Modular Reactors at Mongstad

Norsk Kjernekraft and DL Group start a study for modular nuclear reactors in Mongstad, to meet Norway's energy needs and emissions reduction targets.
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Czech Republic secures development of modular reactors (SMRs)

ČEZ and the Czech government reach an agreement to move forward on the strategic Modular Reactors (SMRs) project, guaranteeing national energy security.

EBRD finances renewable hydrogen plant in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a renewable hydrogen production unit in Uzbekistan, aimed at reducing the use of fossil hydrogen in the fertilizer industry.

EDF and Westinghouse contest award of Czech nuclear project to KHNP

EDF and Westinghouse lodge appeals against the Czech Republic's award of the nuclear reactor project to Korea Hydro & Nuclear Power (KHNP), citing intellectual property violations and procedural irregularities.
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Global offshore wind power on course for 520 GW by 2040, with Europe in the lead

The offshore wind sector is on course to exceed 520 GW of installed capacity by 2040, despite logistical challenges, with a strong concentration in Europe thanks to floating wind.

Hydrogen, a strategic pillar for heavy industry by 2050

The latest report from the International Chamber of Shipping highlights the growing demand for hydrogen in heavy industry, with major implications for the European, South Korean and Japanese markets.

Aqaba: First LNG Onshore Terminal in Jordan

Jordan is counting on an LNG terminal in Aqaba to diversify its energy sources and secure its natural gas supply, with delivery scheduled for 2026.
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South Korean importers get LNG discounts for 2025-2027

Korea Gas Corporation (Kogas) and POSCO International finalize short-term LNG contracts for 2025-2027, with significant discounts on the JKM index, optimizing their supply strategy in a tight market.

Iraq boosts refining capacity with two new refineries

Iraq is developing two new refineries, with the aim of reducing its dependence on imports and increasing its exports of refined petroleum products.