SK E&S to open London office as part of Europe expansion
SK E&S, a Korean natural gas provider, is planning to open an office in London to push for an expansion in Europe, the world's largest economic bloc, where the energy market is being reshaped amid the ongoing Russia-Ukraine conflict, the company's head said Monday."In the past, the European gas market had almost been separated from those in Asia and the United States, but it's a different situation now […] there has been a change in not only the European market but globally, due to the Covid-19 pandemic and the Russia-Ukraine war," Yu Jeong-joon, vice chair and co-CEO of SK E&S, said in an in-house interview published on the company's website.
"The European, American and Asian markets influence each other, and offer opportunities and risks of arbitrage at the same time," Yu said.
"Without understanding Europe, we cannot be a good market participant, or a global player […] We're hoping that opening the London office would do its part in this regard," he said.
SK E&S, the largest privately-owned liquefied natural gas (LNG) provider in Korea under No. 2 conglomerate SK Group, has mainly engaged in the LNG business in the Asian market due to the limitations in transportation.
Yonhap
with the Korea JoongAng Daily
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