Posts Tagged ‘South Korea’

NUCLEAR FUSION : Energy of the Stars, With No Emissions

January 4th, 2009

A consortium of governments will build a groundbreaking fusion power plant in France for a price in excess of €5 billion. After decades of discouraging setbacks, plasma physics has made jaw-dropping recent progress. Could it save the world?
Something went wrong during reactor experiment number 23,995. The fusion process started, continued for a second, but suddenly [...]

Pennsylvania at the heart of new natural gas bonanza

December 29th, 2008

By Marc Levy Associated Press Writer
HOUSTON, Pa. — Illuminated drilling rigs glow for miles from atop flattened hills when night falls in this rolling farm and coal country in southwestern Pennsylvania.
Tanker trucks back up traffic on two-lane roads, and Texans wearing heavy coats and muddy boots fill Shelley’s Pike Diner at lunch as land owners [...]

Myanmar signs gas deal with China

December 29th, 2008

YANGON, Myanmar (AP) — Myanmar’s government and four foreign companies have signed an agreement to sell natural gas from offshore fields to neighboring China, state media said Monday.
The agreement, signed last Wednesday, was the first for sales of gas from Myanmar’s northwestern offshore fields.
The New Light of Myanmar newspaper said South Korea’s Daewoo International and [...]

S Korea announces $28.5 bn energy plan

December 28th, 2008

South Korea today announced a massive investment plan to build more power plants, including 12 new nuclear reactors in the next four years, to meet growing energy demand.
It plans to spend 37 trillion won ($28.5 billion) between 2009 and 2022 constructing 12 commercial reactors and 19 thermoelectric power plants, the ministry of knowledge economy said [...]

GE, Conergy Seek $250M for Asian Renewable Power Project

December 17th, 2008

By Jeff St. John
General Electric Co. (GE) and a subsidiary of German renewable energy company Conergy (CEYHF.PK) want to build 200 megawatts of renewable power project in Asia in the next five years, and they’re looking for $250 million to do it.
GE Energy Financial Services and the Singapore-based unit of Conergy subsidiary Epuron said Monday [...]

Newcastle Coal Exports Rise 59%; Ship Queue at 5-Month High

December 2nd, 2008

By Jesse Riseborough
Dec. 2 (Bloomberg) — Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, rose 59 percent last week while the number of ships waiting outside the port jumped to the highest in almost five months.
The volume shipped in the week ended 7 a.m. local time yesterday rose to [...]

Bay Street Week Ahead-Uranium readies for revival

November 29th, 2008

By Susan Taylor
OTTAWA, Nov 28 (Reuters) - Uranium miners have found themselves with a hearty recipe to power a stock market revival: rising prices for the nuclear fuel, strong demand, and supply disruptions. The only ingredient missing is investors.
The spot price for uranium UX-U3O8-SPT has surged 25 percent over the past five weeks, a [...]

Oil prices rise above $50 on Obama economy team

November 24th, 2008

By ALEX KENNED
SINGAPORE (AP) — Oil prices rose above $50 a barrel Monday in Asia as investors gained some confidence from reports that U.S. President-elect Barack Obama has chosen an economic team to tackle what could be the worst slowdown in decades.
Light, sweet crude for January delivery was up 37 cents to $50.30 a barrel [...]

Saudi FM: oil supertanker hijacking ‘outrageous’

November 18th, 2008

By NICHOLAS PAPHITIS, Associated Press Writer Nicholas Paphitis, Associated Press Writer
ATHENS, Greece – Saudi Arabia’s foreign minister condemned the “outrageous” hijacking of a Saudi oil supertanker by Somali pirates and said Tuesday that his nation would join the international effort to eradicate piracy.
The MV Sirius Star was seized Saturday far off [...]

SKorea: Iran must win trust in nuclear program

November 13th, 2008

The Associated Press
Published: November 13, 2008
SEOUL, South Korea: Iran must restore international confidence in its nuclear program, South Korea said Thursday after the Middle Eastern nation tested a long-range missile.
The U.S. and many of its allies have accused Iran of using its nuclear program as a cover for weapons development. Iran denies the charge, saying [...]