In a bid to fortify bilateral relations amidst global energy market uncertainties, South Korean industries minister Bang Moon-kyu and Qatari energy minister Saad Sherida Al-Kaabi discussed ways to bolster the energy and shipbuilding supply chain between the two nations, according to the ROK Ministry of Trade, Industry and Energy. Bilateral trade volume hit a record $17.1 billion in 2022. Qatar, previously South Korea’s largest liquified natural gas (LNG) supplier, signed a deal last year for 54 LNG carriers worth $11.58 billion and anticipates more contracts in the latter half of this year.

Bang emphasized the long-standing trust between the two