New Market Report Now Available: South Korea Oil & Gas Report Q4 2013
While there are new efforts to stimulate upstream oil and gas activity and improve energy selfsufficiency, there is little to suggest that South Korea can develop significant resources, meaning the country is set to remain a key importer of crude and natural gas in liquefied form. Meanwhile, the government is planning fresh initiatives aimed at reducing oil consumption, while the state gas industry continues to buy into overseas liquefied natural gas schemes to meet growing demand.
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