South Korea Archives - Energy News Beat

Alaska to Get $54 Billion Korean LNG Investment: The Long-Stalled Project, Who’s Involved, and Why It Matters for Midterms, Energy Security, and the Entire United States

September 30, 2026 Clark Savage23

President Donald Trump is set to unveil a major South Korean investment package that includes roughly $54 billion directed at Alaska’s long-planned liquefied natural gas (LNG) project, according to White House officials and multiple reports. The announcement, expected in the Oval Office, is the first major tranche from South Korea’s broader $200 billion in U.S. […]

The Global Oil Market Is Short VLCC Tankers — and Needs Them to Rebalance

September 19, 2026September 19, 2026 Clark Savage122

Energy News Beat | September 19, 2026 The world’s long-haul crude system is running out of the ships that make it work. Bloomberg reported today that soaring freight costs are already making some distant crude trades uneconomic, with barely any Very Large Crude Carriers left for hire in parts of the market. That shortage is […]

Russia Extends Diesel Export Ban Through October. The EU About to Get Hit by the Saudi Oil Crisis

September 16, 2026September 16, 2026 Clark Savage111

Moscow is keeping diesel at home through the end of October. That decision lands on a European market that has already lost its old Russian supply line, is watching Saudi crude and product routes seize up, and is about to hear from the Bank of England on interest rates. The combination is not a single […]

South Korea’s Hyosung Heavy Industries has locked in ₩386.5 billion (about $277–$287 million) in ultra-high-voltage transformer contracts with two unnamed U.S. Big Tech companies for new AI data centers—one in the South and one in the North.

September 15, 2026 Clark Savage85

The award is smaller than some of Hyosung’s earlier 2026 utility mega-deals, but it is strategically important: hyperscalers are now buying grid hardware directly, and Hyosung is one of the few firms that can deliver 765 kV equipment from a U.S. factory. The split is ₩220 billion of 765 kV transformers for the southern site […]

Oil Executives Say the Fuel Crisis Is at Hand

September 15, 2026 Clark Savage55

American oil executives have spent months warning that a prolonged disruption of the Strait of Hormuz would eventually produce a fuel crisis rather than a simple crude shortage. They now say that moment has arrived. Commercial inventories of gasoline, diesel, and jet fuel have been drawn down for more than six months. Strategic crude reserves […]

Minister to meet Jaguar Land Rover boss as thousands of job cuts expected due to Net Zero

September 6, 2026September 6, 2026 Clark Savage114

Business Secretary Jonathan Reynolds will meet Jaguar Land Rover chief executive PB Balaji and Unite general secretary Sharon Graham early this week to discuss thousands of expected job cuts at Britain’s largest carmaker. JLR has opened a voluntary redundancy program for salaried and management staff as it targets £1.7 billion in savings over two years. […]

Cheniere Finishes Corpus Christi LNG Expansion as Overseas Markets Squeezed

September 1, 2026 Clark Savage118

Cheniere Energy has handed over the last piece of its Corpus Christi Stage 3 expansion just as the global LNG market is being pulled in two directions: Asia bidding hard for cargoes, and Europe trying to refill storage that is running well behind seasonal norms. The timing is not a coincidence. It is the point […]

Kuwait Offers Oil to Asian Buyers for First Time Since Iran War Began

June 9, 2026June 9, 2026 Clark Savage180

In a significant sign that Gulf crude is once again finding its way to market, Kuwait is offering at least 4 million barrels of its main export-grade crude to Asian refiners—the first such sales to the region since the Iran war erupted in late February 2026. The volumes are loaded onto two very large crude […]

South Korean Tanker Universal Winner Transits Strait of Hormuz Amid Cautious Signs of Easing Tensions

May 20, 2026May 20, 2026 Clark Savage180

A South Korean-flagged Very Large Crude Carrier (VLCC) is making headlines today as it navigates the strategically vital Strait of Hormuz, marking the first such transit by a vessel from the East Asian nation since the onset of the 2026 Iran-related conflict and maritime disruptions. The Universal Winner (IMO 9837602, MMSI 440274000), operated by Seoul-based […]

South Korea Will Remain A Key Part Of The US’ Chinese Containment Plans

May 14, 2026 Clark Savage143

ENB Pub Note: Interesting Article from Andrew Korybko’s Newsletter on Substack. We recommend following him. The Sino-Russo Entente might evolve into a de facto alliance if South Korea and Japan join AUKUS+, the US’ de facto “Asian NATO”, but that risks spooking India into a de facto alliance with the US to counterbalance perceived Chinese […]

Tag: South Korea

Alaska to Get $54 Billion Korean LNG Investment: The Long-Stalled Project, Who’s Involved, and Why It Matters for Midterms, Energy Security, and the Entire United States

The Global Oil Market Is Short VLCC Tankers — and Needs Them to Rebalance

Russia Extends Diesel Export Ban Through October. The EU About to Get Hit by the Saudi Oil Crisis

South Korea’s Hyosung Heavy Industries has locked in ₩386.5 billion (about $277–$287 million) in ultra-high-voltage transformer contracts with two unnamed U.S. Big Tech companies for new AI data centers—one in the South and one in the North.

Oil Executives Say the Fuel Crisis Is at Hand

Minister to meet Jaguar Land Rover boss as thousands of job cuts expected due to Net Zero

Cheniere Finishes Corpus Christi LNG Expansion as Overseas Markets Squeezed

Kuwait Offers Oil to Asian Buyers for First Time Since Iran War Began

South Korean Tanker Universal Winner Transits Strait of Hormuz Amid Cautious Signs of Easing Tensions

South Korea Will Remain A Key Part Of The US’ Chinese Containment Plans

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