South Korea's Net Zero Delayed by its LNG Development & Expansion Korea's main LNG imports are from Qatar ,Uzbekistan and Yemen. Globally the liquefied natural gas (LNG) tanker fleet comprised of 734 vessels in the year 2022 including floating storage units. South Korea is the third largest LNG importing country with Korea Gas Corporation (KOGAS)
Bleak Future of Offshore Turbines Soaring inflation, rising energy costs and global temperatures have demolished any vision of achieving electricity generation of 70 % through renewable energy sources by the 2030's whether in the US or EU. Vested stakeholders within the US and EU underestimated the market of offshore turbines being rudely jolted by these
Living Underwater A major step forward in human underwater exploration was in the year 1960 with the maiden dive of the Trieste bathyscaphe, a submersible, to the Challenger Deep at a depth of almost 10,916 meters. An ocean exploration company is currently investing around £ 100 m in a former deep diving site in U.K
National Electric Power Regulatory Authority (Nepra) approved coal price adjustment mechanism in the determination of coal upfront in 2014 leaving a caveat for review proceedings to consider potential fresh indices contingent on the formula of country of origin, calorific value, marine freight calculation revolving around time chartering rates and bunker fuel rate Echoing the views
Red Sea Tourism , Coastal Development and Coral Reefs Coral Reefs Coral reefs underly ocean biodiversity and contribute significantly in the economic, social, touristic and cultural scope . The extent of biodiversity of coral reefs incorporating a multitude of symbiotic relationships , encompasses 285,000 km2 covering less then 0.1 % of the ocean exterior. Coral colonies
Green Hype in the Desert & Women Empowerment Despite decades of hype and hopes for a move towards green energy fossil fuels account for more then 90 % of transportation of people and goods for trade. The phenomenal growth in shale oil production in Canada and the US continue to shake Middle Eastern and OPEC
Offshore Renewables Part 1 As part of the fabled “Blue Economy “the Indian Ocean is observing research being extensively carried out in the sphere of maritime oriented renewable energy sources. Proponents of offshore renewables are advocating marine ecologically compliant polices regulating maritime energy development, and concurrent institutional frameworks to assess environmental impact on marine habitats
Term Blue Economy The term “blue economy” entered common parlance after the United Nations (UN) Conference on Sustainable Development held in the year 2012 to promote marine ecosystem integrated management .Yet the ensuing concluding remarks did not allude to the word blue. The emphasis during the UN conference was about building adequate capacity for
Sanctions & Disruption of Energy Supply Chain Courtesy The Japan Times After the conflict in Ukraine erupted Russian supply of oil and piped gas to the European Union got severely disrupted. The US and EU imposed sanctions as well as a price cap on Russian crude. The ostensible purpose seems to be to curb Russia's
The hype about renewables must cater to the safe and environmentally friendly disposal of millions of lithium batteries as dumping into or near inland waters leading to the coast may well become a serious issue leading to enhanced toxicity and a threat to marine habitats
