Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA). As major importing regions—including …
Thailand aims to revive a long-stalled plan to become an oil trading and biofuel hub in Southeast Asia, challenging Singapore's dominance, its new energy minister said on Thursday. The net oil importer plans to boost its crude reserves, excluding refined oil products, to 29 days from 18 days now to …
Japanese and South Korean companies have won the highest marks in Asia for “responsible” investing, which remains in its infancy in these countries, in a new survey by Eiris, an environmental research house. Companies based in Hong Kong, China and Singapore, meanwhile, failed to make progress in this arena, with …
A civic group in Seoul on Wednesday protested the use of dirt containing asbestos in ballparks and high school sports grounds. The pro baseball season will continue despite the asbestos scare, officials at the Korea Baseball Organization say. Earlier this week, environmental watchdogs reported that testing showed that dirt in …
Meetings between the chief nuclear envoys of North and South Korea were “constructive,” negotiators said, even though the talks did not produce any breakthroughs on the longstanding impasse over the North’s refusal to give up its nuclear program. The talks on Wednesday, held at a private club in Beijing, were …
The top nuclear negotiators from North and South Korea plan to meet next week in Beijing to discuss terms of restarting the long-stalled six-nation talks aimed at ending North Korea’s nuclear weapons program, a senior government official here said Friday. Wi Sung-lac, the South Korean envoy, and his North Korean …
But officials play it down, saying the incident is not so disastrous as the one at Fukushima The explosion at a nuclear reprocessing plant in southern France on Monday, which killed one person and injured three, has come at an inopportune time for India. For, it is about to begin …
New Delhi Land acquisition overseas for farming could soon become a reality. The agriculture ministry plans to announce a policy that will allow farmers to buy land in continents like South America and Africa to farm for all sorts of crops. Speaking on condition of anonymity, a source told FE …
Shortly after taking office in 2008, President Lee Myung-bak announced a catchphrase that became a kind of umbrella for his economic policies: green growth. Mr. Lee wanted to marry environmental improvements with continued economic growth. Now, with about 18 months left in office, Mr. Lee and the people running his …
Uzbekistan and South Korea signed a $2.6 billion deal to build a gas-chemical plant in the Central Asian state which their leaders said was “unprecedented” in Uzbek-Korean relations. “Starting the construction of Ustyrt gas-chemical plant on the basis of the Surgil gas field will be an unprecedented project in the …
Days after having inked a civil nuclear agreement with South Korea, India will reopen the Comprehensive Economic Partnership Agreement (CEPA) to make it more contemporary and further strengthen trade ties with the East Asian tiger. The first round of talks on “upgrading” the CEPA will begin next week, with an …
Oral vaccines have played huge part in the global battle to wipe out polio. When the WHO endorsed the goal of eradicating polio in 1988, some 350,000 children in 125 countries were being paralysed by the virus that caused the disease. That number has dropped precipitously and there were only …
Car makers in South Korea are preparing to roll out electric vehicles in Asia's fourth-biggest economy as the government will have set up the necessary support infrastructure, including charging stations, by the end of 2015, the Ministry of Knowledge Economy said Wednesday. Renault Samsung Motors Corp., the South Korean unit …
South Korean steel making company Posco will invest $200 million to expand the production capacity of Tuwairqi steel plant located near Port Qasim. To this effect, a memorandum of understanding for initiating joint venture between Posco and Tuwairqi will be signed by next month involving the Sindh government. This was …
The Orissa government has failed to keep its commitment for renewal of the revised agreement with Posco-India for the 12-million tonne steel plant near Paradip by July end, as the South Korean company has not agreed to key conditions in the revised agreement. Even as the tenure of the previous …
South Korean scientists said on Wednesday they have created a glowing dog using a cloning technique that could help find cures for human diseases such as Alzheimer's and Parkinson's, Yonhap news agency reported. A research team from Seoul National University (SNU) said the genetically modified female beagle, named Tegon and …
India will commence price negotiations with Japan for export of iron ore by National Mineral Development Corporation (NMDC) in the next few weeks, with the iron ore miner recently receiving the draft Cabinet approval on the estimated quantity of ore exports for the next five-year period. An Indian delegation, comprising …
South Korean city planners and developers were blamed yesterday for allegedly causing "man-made" disasters that killed at least 59 people and left thousands homeless after record rainfall this week. Among the dead were 16 killed when mudslides hit southern parts of Seoul on Wednesday and 13 who perished in a …
The South Korean government on Wednesday finalized an $17.9 billion blueprint to create an "ecological tourism belt" in regions near the border with North Korea by 2030, local media reported. The blueprint fleshed out a plan to turn the areas near the Demilitarised Zone (DMZ), a 4-km (2.5 mile) wide …
Mudslides set off by torrential rain crushed mountainside houses and tourist dwellings in South Korea on Wednesday, killing at least 39 people, the police said. Streets in Seoul, South Korea, were flooded on Wednesday. At a resort village in Chuncheon, 60 miles east of Seoul, university students running a volunteer …
Bhubaneswar: South Korea President Lee Myung-bak on Monday sought the cooperation of the Indian government in building the USD 12 billion (about Rs 54,000 crore) steel plant in Odisha, in the face of people's agitation over land acquisition for the project. The issue came up for discussions between Lee and …
