Iraq And Turkmenistan: Preliminary Agreement On Gas Import menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Crude oil worth $31.4 billion was imported during the April-June period, lower than $48.1 billion in the same period last year. The volume of oil imports marginally reduced to 60.1 million metric tonnes (mmt) in the first quarter from 60.7 mmt in the same period last year.
South Korea, ranking ninth among the largest energy consumers and seventh in carbon dioxide emissions from 2016 to 2021, faces challenges in energy security and climate change mitigation. The primary challenge lies in transitioning from fossil fuel dependency to a more sustainable and diversified energy portfolio while meeting the growing energy demand for continued economic growth. This necessitates fostering innovation and investment in the green energy sector. This study examines the potential impact of green energy expansion (through integrating renewable energy and hydrogen production) and gas import reduction on South Korea’s economic growth using a system dynamics approach. The findings indicate that increasing investment in green energy can result in significant growth rates ranging from 7% to 35% between 2025 and 2040. Under the expansion, renewable energy scenario (A) suggests steady but sustainable economic growth in the long term, while the gas import reduction scenar
Germany cannot be relaxed about the need for liquefied natural gas (LNG) terminals in the Baltic Sea, a high-ranking economy ministry official said on Monday, a week after plans emerged to scale down the region s Mukran project after local resistance.