Korea Joongang Daily
Korea JoongAng Daily

Doosan inks deal to convert Chile's Mejillones power plant to natural gas

Doosan Enerbility secured a 50 billion won contract with Engie Energía Chile to convert the Chilean power plant's unit to run on natural gas instead of coal.

2024-05-21

Korea to spend $534M to help shipbuilders through 2028

The Industry Ministry said Wednesday it plans to spend 710 billion won ($534 million) through 2028 in line with efforts to develop cutting-edge shipbuilding technologies, including carbon-free fuel.

2023-11-15

DSME reaches yearly target for second consecutive year with $1.29B order

Daewoo Shipbuilding & Marine Engineering (DSME) announced Tuesday that it received a 1.85-trillion-won ($1.29 billion) order for six liquefied natural gas (LNG) carriers, filling its targeted amount of orders for the year for two years in a row.

2022-10-04

DSME wins $422 million order for 2 LNG carriers for Oceanian shipping firm

Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) said Thursday that it has clinched a 595.9 billion-won ($422 million) order to build two liquefied natural gas (LNG) carriers for an Oceanian shipping firm.

2022-09-22

Energy price blues

Prices of electricity and gas may rise faster than originally expected next month as the Korean government considers increasing prices due to Russia's cut of energy supplies.

2022-09-19

SHI receives order for four LNG carriers worth $846 million

Samsung Heavy Industries (SHI) announced Tuesday that it had received an order for four liquefied natural gas (LNG) carriers worth 1.2 trillion won ($846 million) in total: two from a shipper in Bermuda and two from a shipper in Africa.

2022-09-06

Posco investing 750 billion won in two LNG storage tanks

Posco is spending 750 billion won ($630 million) to build two liquefied natural gas (LNG) tanks in Gwangyang, South Jeolla, the company said Tuesday.

2022-02-22

World Gas Conference in Daegu to focus on sustainable future

All eyes will be on Daegu in May as it hosts the World Gas Conference, the first major global event to be held in Korea since the outbreak of Covid-19, covering key issues of natural gas and related technologies.

2022-01-08

Posco Int'l acquires controlling interest in Australian gas firm

Posco International signed a 770.9-billion-won ($690 million) deal to acquire a controlling interest in Senex Energy, the sixth-largest Australian natural gas producer.

2021-12-12

Posco Energy begins operation of LNG terminal

Posco Energy is set to become the first Korean company operating a liquefied natural gas (LNG) terminal.

2020-11-11