Medical and Hospital News  
OIL AND GAS
U.S. sees LNG as a security option for Seoul
by Daniel J. Graeber
Washington (UPI) Jun 11, 2018

Through its emerging role in the global energy space, U.S. liquefied natural gas supports security for South Korea, a State Department spokesman said.

U.S. Deputy Assistant Secretary of State for Energy Diplomacy Sandra Oudkirk hosted South Korea Minister for Foreign Affairs and Energy Kwon Sei-joong to discuss how energy could strengthen bilateral relations between the two countries.

Vincent Campos, a spokesman for the State Department's Bureau of Energy Resources, told UPI during the weekend that Oudkirk assured her South Korean counterparts that liquefied natural gas from the United States was available for Seoul under U.S. policies.

"And in our new dominant role in the energy sector, the United States actively shares our successes with our partners and allies, such as the Republic of Korea, in a wide range of energy issues including energy exports and technology sharing," he said.

South Korea's energy policies place natural gas and renewable energy as priorities in a sector looking to step away from nuclear and coal. After taking office last year, South Korean President Moon Jae-in pledged to work toward low-carbon policies under a five-year energy plan.

One of the largest LNG importers in the world, Moon's policies envision a 38 percent share for LNG in the power generation capacity by 2030, but might only reach about 19 percent because demand is slow and policy directives have eased because of industry backlash, according to commodity pricing group S&P Global Platts.

U.S. company Cheniere Energy signed a 20-year sales and purchase agreement with Korea Gas Corp. last year to deliver 3.5 million tons of LNG per year to the Korean peninsula. That accounts for about 10 percent of South Korea's total demand for LNG.

Cheniere is the only company exporting LNG from the United States. Total U.S. gas exports, including piped gas, averaged 9.6 billion cubic feet per day during the first quarter of 2018, more than 60 percent higher than the same period two years ago.

Rich in shale natural gas, the United States was a net gas exporter in the first quarter. Like other countries in the region, the State Department spokesman said LNG is a source of energy security as its maneuverability offers a buffer from some of the geopolitical complexities of piped natural gas.

"The discussion reinforced the role energy cooperation plays in strengthening the U.S.-R.O.K. partnership and focused on national energy policies, bilateral energy cooperation, regional energy issues, and areas of mutual cooperation in multilateral fora devoted to energy," Campos said.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Qatar taps into giant Argentinean shale reserve
Washington (UPI) Jun 4, 2018
Buying an equity stake in the Vaca Muerta shale natural gas basin in Argentina marks a debut in unconventional resources, Qatar Petroleum announced. The state-owned petroleum company in Qatar said it reached an agreement with U.S. supermajor Exxon Mobil to take a 30 percent stake in its operations in Argentina. The arrangement gives Qatar Petroleum access to the Vaca Muerta shale basin, located onshore in the Neuquén basin in Argentina. "This is an important milestone, as it marks Qatar ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Peace needs at least 15 years: Colombian president

Sentinel-1 warns of refugee island flood risk

Seismometer readings could offer debris flow early warning

China floods to hit US economy: Climate effects through trade chains

OIL AND GAS
GMV competing to develop the Galileo Ground Control Segment in brand new premises

Research shows how 'navigational hazards' in metro maps confuse travelers

UK set to demand EU repayment in Brexit satellite row

China to launch two BeiDou-2 backup satellites

OIL AND GAS
Study finds two ancient populations that diverged later 'reconverged' in the Americas

The making of a human population uncovered through ancient Icelandic genomes

How did human brains get so large?

How to build a brain: discovery answers evolutionary mystery

OIL AND GAS
Ocean-migrating trout adapt to freshwater environment in 120 years

Massive beach clean-up for Hong Kong sea turtles

New technique shows what microbes eat

Galapagos iguanas transferred due to overpopulation

OIL AND GAS
Dialing up the body's defenses against public health threats

Limiting global warming could avoid millions of dengue fever cases

Could we predict the next Ebola outbreak by tracking the migratory patterns of bats?

Deadly malaria's evolution revealed

OIL AND GAS
China enlists public to track fugitives in US, Canada

Rewriting history? Hong Kong education turns political battleground

Costly date: 64.89 yuan forbidden on Tiananmen June 4 anniversary

With Cambodia's free press under fire, 'China model' makes inroads

OIL AND GAS
Three Mexican soldiers killed in ambush

US targets Chinese fentanyl 'kingpin' with sanctions

Singaporean guilty of sophisticated exam cheating plot

S. Korea deploys warship to Ghana after pirates kidnap sailors

OIL AND GAS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.