BORN2GLOBAL

  • banner
  • banner
  • banner

H > News

  • Korea pushes for new energy sources

  • lng_180703_article_01.jpg

    A Korea Gas Corporation (KGC) employee explains how LNG is transported to representatives from the Ministry of Trade,

    Industry and Energy, in front of a model of the KGC's new LNG terminal, at the KOGAS Incheon LNG Terminal on June 28. (Kim Sunjoo)

     

     

    By Lee Yoonseo and Kim Young Shin

     

    Interest in clean, renewable energy and related industries is growing across the Korean economy. President Moon Jae-in recently launched a drive to steer away from nuclear power and there's a likely possibility that Korea will be able to import natural gas from the Russian Far East thanks to easing tensions on the Korean Peninsula and the recent Korea-Russia summit.

     

    Natural gas, the naturally occurring gas mixture buried underground, is collected by drilling rigs, just like petroleum, to be used for power generation and heating. Depending on the means of transportation, it's called either piped natural gas (PNG), carried through pipelines, or else liquefied natural gas (LNG), carried after being converted into a liquid.

     

    Because PNG is carried to the spot of consumption through a pipeline, it's mostly used in Europe or Northern America, where ground transportation is available.

     

    LNG is liquefied by dropping the temperature to minus 162 C and then carrying it by sea. After an LNG ship arrives with its liquefied gas on board, the Korea Gas Corporation converts the liquid back to a gas at its terminals and then supplies it to power plants and residences.

     

    Even though LNG requires a huge cost for liquefying, transporting and vaporizing, it's impossible for Korea to receive PNG from its origin, as the pipelines would have to cross North Korea by land.

     

    However, a mood of reconciliation has begun to be seen on the Korean Peninsula recently. If South Korea and North Korea successfully establish trilateral economic ties with Russia, importing PNG from Russia overland might become possible.

     

    From Vladivostok in the Russian Far East, the gas could be carried across North Korea to major cities in South Korea. This could remove all the unnecessary conversion process and reduce costs for final consumers in Korea.

     

    On June 22, President Moon and his Russian counterpart, Vladimir Putin, held a summit and agreed to conduct joint research into connecting Korea to a PNG pipeline. There's much attention being paid to the development of gas cooperation among South Korea, North Korea and Russia, as the economic impact of the easing of tensions on the Korean Peninsula would be plentiful.

     

    clo1120@korea.kr

     

     

     

     


    Comments

STARTUPS OF THE WEEK

    • 1 Mesh Korea
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      Innovative Last Mile Logistics Platform

    • 2 SendBird
      Headquarters

      541 Jefferson Ave. Suite 100 SendBird, Redwood City, CA 94063

      Description

      The Simplest Solution for Chat and Messaging

    • 3 SMART STUDY
      Headquarters

      5F, 94, Myeongdal-ro Seocho-gu, Seoul, 06668

      Description

      Sing, Play and Learn with PINKFONG

    • 4 COOLJAMM Company
      Headquarters

      14F, 5, Teheran-ro 69-gil Gangnam-gu, Seoul, 06160

      Description

      Let Your Voice Compose — The Simplest Music Creation App for Dreamers

    • 5 Visual Camp
      Headquarters

      Startup Campus #325, 289beon-gil 20, Pangyo-ro Bundang-gu, Gyeonggi-do, 13488

      Description

      Eye Tracking Technologies for Mobile VR Devices

    • 6 4DREPLAY KOREA
      Headquarters

      3003 NORTH 1ST ST. SUITE#221 SAN JOSE, CA, 95134

      Description

      Creating Experience ─ Highly Advanced 4D Video Solution

    • 7 Dable
      Headquarters

      #301, 22, Nonhyeon-ro 79-gil, Gangnam-gu, Seoul, 06237

      Description

      Explain Your Business in One Line

    • 8 MOPIC
      Headquarters

      85307, corporate collaboration center, 2066 Seobu-ro, Jangan-gu, Suwon-si Gyeonggi-do, Korea 16419

      Description

      Your Breathtaking Mobile 3D Theater

    • 9 MOIN
      Headquarters

      B2F, Google Campus, 417, Yeongdong-daero, Gangnam-gu, Seoul, 06182

      Description

    • 10 Exosystems, Inc.
      Headquarters

      #804, 815, Daewangpangyo-ro, Sujeong-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

      Description

      Exosystems provides a new paradigm of rehabilitation with the slogan-“Fun @Home, Data Driven Rehab!”

    • 11 NEWRATEK
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      New Radio Communications for a New Era

    • 12 ZOYI Corporation
      Headquarters

      15F, KR Tower, 141, Teheran-ro Gangnam-gu, Seoul, 06132

      Description

      Growth Hacking for O2O Commerce

    • 13 Luxrobo
      Headquarters

      63 Building, #10, 4F, Hanwha Financial Center, 60, Yeouido-dong Yeongdeungpo-gu, Seoul, 07345

      Description

      Create Anything You Want with Robotics of Things

    • 14 SketchOn
      Headquarters

      Corporate Collaboration Center #85313, 2066, Seobu-ro, Jangan-gu, Suwon-si, Gyeonggi-do, 16419

      Description

      Harmless, Easy-to-Erase Printed Tattoos

    • 15 Salted Venture
      Headquarters

      340 Nonhyeon-ro, Gangnam-gu, Seoul, 06227

      Description

      Fixing Golf Swings and Squats from the Feet

    • 16 REDTABLE
      Headquarters

      410, Startup Campus Building #3, 20, Pangyo-ro 289 beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea

      Description

    • 17 eyedea
      Headquarters

      5F, 98, Seongmisan-ro, Mapo-gu, Seoul, 03986

      Description

      Autonomous Flying Selfie Drone

    • 18 Innomdle Lab
      Headquarters

      2F, 3, Eonnam 1-gil, Seocho-gu, Seoul, 06778

      Description

      Touch Your Sound

startups_left startups_right