Industry ministry secures energy supplies while navigating upcoming general elections and debt-laden energy companies
The South Korean Ministry of Trade, Industry and Energy (MOTIE) reported on Friday that there were no disruptions in crude oil and liquified natural gas (LNG) imports despite rising tensions in the Middle East. This update follows an emergency meeting prompted by U.S. and coalition airstrikes on Yemeni Houthi rebel bases and Iran’s seizure of a Marshall Islands-flagged oil tanker.
During the meeting, which involved state-run operators and major oil refiners, the ministry maintained that oil tankers and transport ships near the Middle East continued to operate normally. MOTIE underscored the importance of vigilant communication within the industry to prevent potential energy supply crises.
The South Korean Ministry of Trade, Industry and Energy (MOTIE) reported on Friday that there were no disruptions in crude oil and liquified natural gas (LNG) imports despite rising tensions in the Middle East. This update follows an emergency meeting prompted by U.S. and coalition airstrikes on Yemeni Houthi rebel bases and Iran’s seizure of a Marshall Islands-flagged oil tanker.
During the meeting, which involved state-run operators and major oil refiners, the ministry maintained that oil tankers and transport ships near the Middle East continued to operate normally. MOTIE underscored the importance of vigilant communication within the industry to prevent potential energy supply crises.
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