MONTERREY, MEXICO (By Isaac Silvestre, Energy Analytics Institute, 23.Jul.2026, Words: 125) — Great progress has been reported in South Korea related to construction of Woodside Energy’s floating production unit (FPU) destined for the Trion project offshore Mexico. The FPU is named Tlaloc after the Aztec rain god.
Category: South Korea
Korea
Amigo LNG celebrates receipt of all necessary Mexican and US authorizations
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 2.Jun.2026, Words: 266) — Amigo LNG, which plans to build a liquefied natural gas (LNG) liquefaction terminal on Mexico’s west coast in Guaymas, Sonora, has received all necessary permits to advance the project. Amigo LNG will source feed gas from the prolific […]
PRESS DIGEST 31 MAR. 2026: Excelerate Acadia; Moretti departure; Brava invitation; MEX petrol
MONTERREY, MEXICO (By editors with Energy Analytics Institute, 31.Mar.2026, Words: 257) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on PETROBRAS, Excelerate Energy, HD Hyundai, Brava Energia and PEMEX, among others. Energy Analytics Institute (EAI) […]
Excelerate names newest FSRU Excelerate Acadia during event in South Korea
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 31.Mar.2026, Words: 189) — Excelerate Energy, Inc. announced the official naming of its newest floating storage and regasification unit, Excelerate Acadia, during a naming ceremony at the Hyundai Heavy Industries shipyard in Ulsan, South Korea. The ceremony highlights Excelerate’s long‑standing engagement with […]
PRESS DIGEST 30 MAR. 2026: YPF upgrade; VEN economy; Paratus notification; Veracruz oil spill
MONTERREY, MEXICO (By editors with Energy Analytics Institute, 30.Mar.2026, Words: 343) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on YPF SA, PEMEX and Paratus Energy, among others. Energy Analytics Institute (EAI) has not verified […]
Jeonbuk researcher proposes 2-stage decision-making framework of LatAm lithium governance
JEONBUK-DO, SOUTH KOREA (By Jeonbuk National University, 12.Dec.2025, Words: 560) — Lithium is a strategically very important mineral in the present decade. Latin American countries, with their abundant resources, have taken divergent paths in terms of governance strategies. In a recent study, a researcher from Jeonbuk National University has proposed […]
HD Hyundai wins $1.46bn order for 8 ultra-large container ships
SEOUL, SOUTH KOREA (By HD Hyundai, 23.Nov.2025, Words: 321) — HD Hyundai secured an order for ultra-large container ships worth around $1.46bn, recording the largest container ship order volume in 18 years since the shipbuilding supercycle in 2007. HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for […]
HD Hyundai: first shipbuilder worldwide to deliver 5,000 ships
SEOUL, SOUTH KOREA (By Hyundai, 20.Nov.2025, Words: 391) — HD Hyundai has become the world’s first shipbuilder to build and deliver 5,000 ships, marking half a century since its first vessel delivery in 1974. HD Hyundai announced that it held a ceremony on 19 Nov. 2025, at HD Hyundai Heavy Industries […]
LG Energy reveals 3Q:25 financial details
SEOUL, SOUTH KOREA (By LG Energy, 29.Oct.2025, Words: 776) — LG Energy Solution announced its third-quarter earnings for 2025, posting a significant improvement in operating profit. The company posted consolidated revenue of KRW 5.7tn, a 2.4% increase quarter-on-quarter. The operating profit reached KRW 601.3bn, marking a 22.2% increase quarter-on-quarter, with an […]
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EAI NRG Dashboard 13 Oct. 2025 [free pdf download]
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 13.Oct.2025, Words: 2,000) — The Energy Analytics Institute (EAI) NRG Dashboard — a most read for investors, students, academics and energy executives among others interested or already following the Latin America and Caribbean (LAC) region energy sector in particular and the global energy […]
Hanwha gets AiP from ABS for 174K LNG carrier ammonia fuel gas turbine retrofit
SEOUL, SOUTH KOREA (By Hanwha, 12.Sep.2025, Words: 409) — Hanwha Power Systems received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for the ammonia fuel gas turbine conversion design aimed at 174K LNG carriers at GASTECH 2025. This achievement is the result of a joint development project between Hanwha and […]
TotalEnergies to supply 1 MTPA of LNG to South Korea’s KOGAS for 10 years
PARIS, FRANCE (By TotalEnergies, 9.Sep.2025, Words: 240) — TotalEnergies and KOGAS, South Korea’s national natural gas company, announce the signing of a heads of agreement (HoA) for the annual delivery in South Korea of 1 million tons (Mt) of LNG per year over a 10-year period starting from the end […]
Maiden LNG cargo heading for Asia puts Canada on the LNG exporting club map
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 30.Jun.2025, Words: 574) — The new LNG Canada export facility, located in Kitimat, British Columbia, in the traditional territory of the Haisla Nation, successfully loaded a first cargo of liquefied natural gas (LNG) that is now destined for global markets. This […]
LNG-powered Quetzal starts inaugural commercial voyage in Guatemala
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 14.Apr.2025) — Crowley‘s new containership Quetzal, which is powered by liquefied natural gas (LNG), launched its inaugural commercial voyage. This voyage is the start of the company’s next era of faster, frequent ocean shipping with a new class of vessels for the US, Central America and […]
HD Hyundai Engaged in Driving Shipbuilding’s Future with AI and Digital Tech
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Feb.2025) — HD Hyundai executive vice chairman Chung Kisun emphasized his commitment to building an integrated, optimized, and automated future shipyard that minimizes human intervention, highlighting the company’s intention to actively leverage technologies from global tech companies. To achieve this, HD Hyundai is […]
Baker Hughes to Develop Small-Size Ammonia Turbines with Hanwha
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Baker Hughes, Hanwha Power Systems and Hanwha Ocean announced a Joint Development and Collaboration Agreement (JDCA) for a new small-size turbine for ammonia applications which will leverage Baker Hughes’ small-size gas turbine technology and Hanwha’s ammonia combustion system. The agreement was signed during the Baker […]
LG Energy Eyes Global Battery Market Growing 20%+ Annually Starting in 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 24.Jan.2025) — LG Energy Solution expects the global battery market, encompassing the EV, ESS, and IT sectors, to grow by over 20% annually starting in 2025. LG Energy expects its first-mover advantages in the North American battery market to continue to expand, driven […]
Henry Hub, JKM and TTF Inch Higher
(Energy Analytics Institute, 21.Nov.2024) — The Henry Hub spot price rose 24 cents to $2.34 per million British thermal units (MMBtu) on 20 Nov. 2024 compared to $2.10/MMBtu on 13 Nov. 2024, according to the US-based Energy Information Administration (EIA). The weekly average front-month futures prices for liquefied natural gas […]
LG Chem and ExxonMobil Ink MOU for Lithium Offtake
(Energy Analytics Institute, 20.Nov.2024) — ExxonMobil Corporation and LG Chem inked a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. ExxonMobil will source the lithium from a planned US project that will eventually supply LG Chem’s cathode plant in […]
TotalEnergies to Supply 200,000 t/y of LNG to HD Hyundai until 2033
(TotalEnergies, 24.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027. Thanks to this […]
HD Hyundai Showcasing Eco-Friendly Future Technologies at Gastech in Houston
(Hyundai, 11.Sep.2024) — HD Hyundai will showcase the future of decarbonization and digital technologies at Gastech, the world’s largest gas exhibition. HD Hyundai has announced that it will participate in Gastech 2024, taking place in Houston, USA, from 17-20 Sep. 2024. The event is expected to host around 800 companies worldwide and attract over […]
GAS Entec and AG&P to Build a Strategic LNG Terminal in the Kingdom of Jordan
(GAS Entec, 20.Aug.2024) — LNG Infrastructure company GAS Entec with its group company AG&P and local partners Issa Haddadin, together referred as Consortium, has been awarded a contract to build Sheikh Sabah Al-Ahmad Al-Jaber Al Sabah onshore regasification LNG Terminal at Port of Aqaba in the Kingdom of Jordan. The tender was awarded […]
Venture Global Launches First Vessel from State-of-the-Art LNG Fleet
(Venture Global, 25.Jun.2024) — Venture Global announced the successful launch of its first LNG vessel, the Venture Gator at a ceremony which took place at the Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the first of nine LNG carriers in the Venture Global fleet to be completed in quick succession […]
TotalEnergies Increases LNG Deliveries to Asia with Two New Contracts
(TotalEnergies, 4.Jun.2024) — In line with its strategy to grow its liquefied natural gas (LNG) business, TotalEnergies announces the signing of two new LNG medium- and long-term contracts in Asia: a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800,000 tons per year […]
Hanwha Bids for Shipbuilding Leader Austal
(Hanwha, 2.Apr.2024) — Hanwha Group has submitted an indicative offer to the Australian headquartered Austal board to acquire the global business of Austal, via a scheme of arrangement, subject to satisfactory due diligence. Hanwha brings important capabilities and investment to support Austal’s business and local Australian communities while aligning with government […]
LG Energy Solution Strengthens Partnership with WesCEF
(LG Energy Solution, 13.Feb.2024) — LG Energy Solution (KRX: 373220) signed an offtake agreement with Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) for lithium concentrate, further advancing the companies’ pre-existing partnership driven by the objective to deliver efficient and sustainable power solutions to the North American market. Under the agreement, WesCEF […]
INEOS Energy Charters Two LNG Carriers
(INEOS Energy, 27.Jun.2023) — INEOS Energy Trading signed agreements with Mitsui O.S.K. Lines (MOL) for two new build LNG carriers, to be used for the import of LNG into Germany from the United States. Highlights — The agreements mark INEOS’ entry into the LNG carrier market. — Both vessels have […]
Cheniere and ENN Sign Long-Term LNG SPA
(Cheniere, 26.Jun.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced that Cheniere’s subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with ENN LNG (Singapore) Pte. Ltd., a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. Under the SPA, ENN LNG […]
QatarEnergy on First Korean LNG Vessel for Fleet Expansion
(QatarEnergy, 3.Jun.2023) — QatarEnergy celebrated the steel cutting of the first of its new generation of chartered liquefied natural gas (LNG) vessels to be constructed in a Korean shipyard. Building upon an already successful global maritime initiative, QatarEnergy joined Samsung Heavy Industries, and JP Morgan Asset Management in a special ceremony […]
Cheniere and KOSPO Ink Long-Term LNG Sale and Purchase Agreement
(Cheniere, 16.May.2023) — Cheniere Energy, Inc. (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing International LLP, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with Korea Southern Power Co. Ltd (KOSPO). Under the SPA, KOSPO has agreed to purchase approximately 0.4 million […]
ExoCoBio Gets License For Hyaluronic Acid Dermal Fillers from Brazil ANVISA
(ExoCoBio, 2.Mar.2023) — ExoCoBio Inc. announced that it obtained the “Certificate of Advanced Biopharmaceutical Manufacturing” from the Ministry of Food and Drug Safety in Korea and the “HA Filler GMP Certification” from the Brazilian Food and Drug Health Monitoring Agency (ANVISA). This advanced biopharmaceutical manufacturing license was obtained in accordance […]
Subsea 7 Awarded Floating Wind FEED Contract in South Korea
(Energy Analytics Institute, 18.Aug.2022) — Subsea 7 was awarded a floating wind FEED contract by Corio and TotalEnergies for a floating wind development in South Korea. The project, the Gray Whale 3 project, is a 504MW development located some 60 to 70 kilometers offshore from Ulsan, Subsea 7 announced 18 […]
LG Energy Partners with Compass Minerals to Enhance Supply Chain Flow
(LG Energy Solution, 29.Jun.2022) — LG Energy Solution (LGES; 373220) is branching out in its efforts to secure supply chain of materials as it ramps up its battery production to satiate the growing market demand. LGES has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals (NYSE: CMP), a leading […]
Sercel Equips New Vessel in South Korea with Marine Acquisition System
(CGG, 13.Jun.2022) — CGG announced today that Sercel has sold a complete marine seismic acquisition system to HJ Shipbuilding & Construction, a South Korean shipbuilding leader. The contract calls for the supply of a Seal 428 recording system, including Sentinel® streamers, a Nautilus® streamer positioning system, and G-Source II high-performance […]
TotalEnergies Inks Long-Term LNG Sale Contract with Hanwha Corporation
(TotalEnergies, 24.May.2022) — Against the backdrop of World Gas Conference 2022, TotalEnergies announces the signing of a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024. The LNG will be sourced from TotalEnergies’ global […]
About 650,000 B/D of Russian Oil to be ‘Swapped’
(WoodMac, 5.Apr.2022) — About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). Following US sanctions on Russian crude oil, European companies have also begun ‘self-sanctioning’ with up to […]
SK E&S Buys EverCharge, a US EV Charging Solutions Provider
(SK E&S, 23.Mar.2022) — SK E&S is entering the US electric vehicle charging market. On 23 March 2022, SK E&S announced the acquisition of EverCharge, an EV charging solution provider in the US. This is the first time a Korean company has acquired the management rights of an EV charging company based in the US. […]
SK E&S Co. Invests In REV Renewables
(LS Power, 18.Oct.2021) — LS Power, a development, investment and operating company focused on the North American power and energy infrastructure sector, announced that SK E&S Co., Ltd., a clean energy solutions company headquartered in Seoul, South Korea, will become an equity investor in REV Renewables, LLC, an LS Power […]
Korea National Oil Paying Fines In Peru
(Business Korea, 16.Jul.2021) — Korea National Oil Corp. (KNOC), POSCO International and SK Innovation paid a fine of billions of won to the Peruvian government in withdrawing from Block 8 for a decline in profitability. The fine is for environmental restoration and the South Korean companies may have to pay more. […]
2021 P4G Seoul Summit To Fight Climate Change
(Ministry of Foreign Affairs, Republic of Korea, 30.May.2021) — As responding to climate change emerges as the biggest issue in the international community, the 2021 P4G Seoul Summit will be held at Dongdaemun Design Plaza (DDP) in Seoul from 30-31 May 2021. The P4G Seoul Summit is the third of […]