South Korea is continuing negotiations on a free trade agreement with the Gulf Cooperation Council to enhance its energy security and improve the economics of importing sour crude from the Middle East. Discussions focus on opening markets for products and services, improving environmental trading conditions and intellectual property rights.
Bp and Deep Wind Offshore join forces to develop wind projects in South Korea. Both companies aim to implement sustainable projects in close collaboration with local stakeholders to bring clean electricity to the country and opportunities for local communities and the supply chain.
Siemens Gamesa and Doosan Enerbility have announced a strategic partnership for the South Korean offshore wind market. Benefits include local assembly of Siemens Gamesa offshore wind turbine nacelles at a Doosan facility, offshore construction of projects involving Siemens Gamesa machines, and offshore service for certain orders involving those same machines.
GE Renewable Energy and Hyundai Electric announce the signing of a strategic partnership agreement for South Korea.
The naphtha imported by South Korea comes from Tunisia, which in turn imports it from Russia, creating a new trade route.
MunmuBaram is a 1.3GW floating offshore wind project of Vestas in South Korea.
In South Korea, truckers are going on their second major strike in less than six months, risking disruption of supplies to the country.
A steam cracker built by Aramco, allows the company to deploy its largest ever investment in South Korea.
Poland is expected to choose the American company Westinghouse to build its first nuclear power plant.
The idea of capping gas prices, which divides EU member states, can only work in close cooperation with non-European partners such as South Korea and Japan, German Chancellor Olaf Scholz said Thursday.
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