U.S. energy imports more than doubled this year
Published: 20 Dec. 2017, 20:00
In the first 11 months of this year, Korea imported $4 billion worth of five major energy products - oil, petrochemicals, liquefied natural gas, liquefied petroleum gas and coal - from the United States, more than double the $1.6 billion last year, according to data from the Korea International Trade Association.
The sharp increase comes from the government’s market diversification efforts. In the past, the country heavily relied on oil from the Middle East, which exposed it to volatility in the region.
YONHAP
with the Korea JoongAng Daily
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