SK Innovation E&S Expands LNG Business and Focuses on Energy Transition
Key Ideas
- SK Innovation E&S to increase LNG trading volume by 19% this year and aims to reach 10 million tons annually by 2030.
- The company is actively engaged in the Barossa gas field project with significant investments and plans to bring 1.3 million tons of natural gas annually to Korea.
- Plans to expand into upstream operations to directly secure natural gas from gas fields, aiming to compete with global energy giants like BP and Shell.
- SKI E&S is focusing on blue hydrogen production and carbon capture, aiming to establish a comprehensive energy value chain beyond LNG operations.
SK Innovation E&S, South Korea's largest city gas supplier, is expanding its LNG trading business with a goal to reach 10 million tons annually by 2030. The company is actively involved in the Barossa gas field project off Australia and plans to bring 1.3 million tons of natural gas annually to Korea. SKI E&S aims to broaden its business scope into upstream operations to compete with global energy giants in the LNG market. Additionally, the company is focusing on blue hydrogen production and carbon capture as part of a broader energy transition initiative. By integrating LNG strategy with these initiatives, SKI E&S aims to establish a comprehensive energy value chain that includes LNG, blue hydrogen, carbon capture, and hydrogen production. The company's investments and strategies position it to be a key player in the global LNG market and a leader in sustainable energy practices.
Topics
Power
Blue Hydrogen
Energy Transition
Carbon Capture
Renewable Energy Sources
Corporate Restructuring
LNG Trading
Global Market Competition
Natural Gas Extraction
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