South Korea – Oil & Gas 360

South Korean firms pledge $150 billion in US investments at summit

August 26, 2025

(BOE Report)– South Korea touted a broad range of U.S. investment plans by its companies at Monday’s summit between U.S. President Donald Trump and South Korean President Lee Jae Myung, spanning shipbuilding, nuclear energy, aerospace, energy and critical minerals. While South Korean companies pledged at the summit $150 billion in U.S. investments, the countries also agreed to establish a non-binding

Trump’s coal comeback goes global

June 6, 2025

(Oil Price) – In a move that fuses domestic revival with international strategy, the Trump administration has greenlit the expansion of Montana’s Bull Mountains coal mine—unlocking nearly 60 million tons of coal destined for key U.S. allies Japan and South Korea. The approval, announced Friday by the Department of the Interior, comes under President Trump’s national energy emergency directive, signaling a bold return

US plans Alaska LNG summit, will urge Japan, South Korea to support project

April 25, 2025

(Investing) – WASHINGTON – U.S. President Donald Trump’s energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday. Trump has touted the $44 billion Alaska liquefied natural gas project, which would deliver gas from the state’s

South Korean officials considering Alaska trip for gas project talks

April 15, 2025

(Investing) – SEOUL (Reuters) -South Korean industry ministry officials are considering travelling soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska’s gas project, the ministry said on Tuesday. If South Korea is able to win concessions from Washington over auto tariffs, Seoul could in turn look at participating in the Alaska liquefied natural

Alaska seeks South Korean investors for its $44-billion LNG project

March 25, 2025

(Oil Price) – On Tuesday, Alaska Governor Mike Dunleavy discussed the Alaska LNG project and other potential energy and trade cooperation with South Korean Industry Minister Ahn Duk-geun, as the U.S. Administration is looking to attract Asian investors in the $44-billion Alaska LNG export project. Dunleavy and other Alaska state representatives and energy officials have been touring America’s north Asian allies Japan, Taiwan, and South

Oil exploration firm: South Korea’s offshore prospects hold great potential

June 7, 2024

Oil Price The oil and gas exploration prospects offshore South Korea have great potential and a future discovery is “highly prospective,” according to the founder of a petroleum exploration firm that advises the Asian country’s government on the drilling potential off its east coast. South Korea’s President Yoon Suk Yeol endorsed earlier this week a plan for drilling off the east coast

South Korea to explore for potentially huge offshore oil and gas reserves

June 3, 2024

Oil Price South Korea’s President Yoon Suk Yeol endorsed on Monday a plan for drilling off the east coast of one of the world’s largest oil and gas importers, to explore what studies say are potentially vast resources of crude oil and natural gas. The area could contain 14 billion barrels of oil and gas, the president told a press

South Korea’s U.S. crude imports jump in September; no imports from Iran

October 14, 2019

Source: Reuters SEOUL (Reuters) – South Korea’s crude oil imports from the United States more than doubled in September, while its imports of Iranian oil remained zero for a fifth month in a row due to U.S. sanctions, customs data showed on Tuesday. U.S. crude oil imports were 1.62 million tonnes in September, or 395,190 barrels per day (bpd), compared

Oryx Midstream Lands $550 Million from Qatar Investment Authority - Oil & Gas 360

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

August 23, 2019

From CNBC Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects. “Australia and Qatar continued to jostle for the title of the world’s largest LNG exporter over the first five months of 2019,” the Australian government said

Australia Poised to Become World’s Largest LNG Exporter

August 13, 2019

From The Houston Chronicle Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting. Australian LNG capacity reached 11.4 billion cubic feet a day this year, more than four times what it was in 2011 and surpassing Qatar’s capacity. Australia “exported more LNG than

EIA: Saudi Arabia Has Been Exporting More Crude Oil to China, Less to the United States

July 24, 2019

From the EIA Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 million barrels per day (b/d), more than 1 million b/d lower than its all-time high in November 2018. Production in Saudi Arabia dropped following a December 2018 agreement by members of the Organization of the Petroleum Exporting Countries (OPEC) to cut

Aramco to Collaborate With S-Oil on $6 Billion Steam Cracker - Oil & Gas 360

Saudi Aramco to Collaborate With S-Oil on $6 Billion Steam Cracker

June 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Inauguration of new facilities includes MoU to build new cracker by 2024 Saudi Aramco joined South Korea’s S-Oil this week to inaugurate the latter company’s new petrochemical facilities: the residue upgrading complex and olefin downstream complex. The new refineries have boosted S-Oil’s petrochemical portion from 8% to 13%, including the production

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