potential for energy cooperation between korea and azerbaijan n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Potential for Energy Cooperation between Korea and Azerbaijan PowerPoint Presentation
Download Presentation
Potential for Energy Cooperation between Korea and Azerbaijan

Loading in 2 Seconds...

play fullscreen
1 / 24

Potential for Energy Cooperation between Korea and Azerbaijan - PowerPoint PPT Presentation


  • 197 Views
  • Uploaded on

Potential for Energy Cooperation between Korea and Azerbaijan. Baku, Azerbaijan August 27, 2007 Dr. Sung-Kyu, Lee Research Fellow Korea Energy Economics Institute. Contents. Energy Profiles in Korea Potential for Energy Cooperation Strengthening Energy Cooperation.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Potential for Energy Cooperation between Korea and Azerbaijan' - akiva


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
potential for energy cooperation between korea and azerbaijan

Potential for Energy Cooperation between Korea and Azerbaijan

Baku, Azerbaijan

August 27, 2007

Dr. Sung-Kyu, Lee

Research Fellow

Korea Energy Economics Institute

slide2

Contents

  • Energy Profiles in Korea
  • Potential for Energy Cooperation
  • Strengthening Energy Cooperation
korea ranks in the world
Korea Ranks in the World

■ Korea as a big energy importer

- High oil dependency, rapidly growing natural gas consumption

- 5th largest oil importer, 2nd largest LNG and coal importer

■ Energy Consumption Growth for 2005-2020: 2.5%

Source: BP(2006)

primary energy consumption by source
Primary Energy Consumption by Source
  • Trend in Consumption Shares (198119902006, %)
  • • Oil : 58.1 53.8  43.8 • Coal : 33.3 26.2 24.4
  • • LNG : 0 3.2 13.3 • Nuclear : 1.6 14.2 16.1
final energy consumption by sector
Final Energy Consumption by Sector

2006

173.4 mill. toe

  • Trend in Consumption Shares (198119902006, %)
  • •Industrial : 44.948.155.4 • Rsd./Cmrcl. : 40.729.321.2
  • • Transport : 9.618.921.1 • Public/Other : 4.83.72.3
energy imports in detail
Energy Imports in Detail
  • Major Feature (2006)
  • • Import Dependency: 96.8%
  • • Energy Imports: US $ 85.6 billion
  • • Petroleum Dependence: 43.8%
  • • ME Oil Dependency: 82.2%
  • Imports (2006)

• Crude Oil : US $ 55.9 billion (888.4 million barrels)

- Saudi Arabia, UAE, Kuwait, Iran, Qatar, …

• LNG : US $ 11.9 billion (24.3 million tons)

- Indonesia, Qatar, Oman, Malaysia, Brunei, …

• Coal : US $ 5.3 billion (76.0 million tons)

- Australia, China, Indonesia, Russia, Canada, …

future energy challenges in korea
Future Energy Challenges in Korea

■ High Natural Gas Demand Drivers

• Changes in consumer preference to cleaner and more convenient fuel

• Establishment of nation-wide gas network

• Environmental regulations to encourage the use of natural gas

• Increased use of natural gas in the power generating sector with increased electricity demand

■ Continuous Increases in Oil demand

• Oil demand is projected to grow by 2.4% per annum, 2005~2020

• Oil dependency will decrease

… 50.6% in 2001  44 % in 2005  38 % in 2020

• Oil will remain to be a major fuel due to the increased demand in the transportation and industry sectors

energy outlook in korea

330.7 mtoe

293.9 mtoe

261.4 mtoe

(Unit: %)

229.3 mtoe

38.0

39.5

42.3

Oil

44.3

22.3

Coal

22.3

24.9

LNG

23.9

15.2

15.0

12.8

13.1

Nuclear

20.2

19.5

16.9

16.0

RE & Others

4.3

2.2

3.1

3.6

2005

2010

2015

2020

Energy Outlook in Korea
  • TPES by Source (%) :  3.7 % p.a.
  • • Oil & Coal decrease, while LNG & Nuclear increase
  • • Oil remains as the dominant fuel until 2020 & beyond
  • Final EnergyConsumption by Sector ( 2005 2020, %)
  • • Industrial : 55.2 54.4 • Residential : 14.1 12.7
  • • Transport : 20.6 21.4 • Commercial : 7.9 11.4
energy policy of korean government
Energy Policy of Korean Government

■ Positive Governmental Support to Energy Resources Development Companies

• Support to exploration and development company

• Induce private company to overseas resource development business

• Training Expert

• Financing Energy Investment

■ Promotion of Bilateral Energy/Mineral Resources Cooperation with Resource-endowed Countries

• Energy/Resources Summit Talk

• Establishment of Inter-governmental cooperative channel

: Energy and Mineral Resources Cooperation Committee

■ Strengthen Energy Supply Security

• Diversification of energy resources and import sources

slide15

Movement of Oil Development Region

North Sea

East Siberia

West Siberia

Central Asia

North America

Middle East

East Asia

West Africa

S&Cent. America

new development region

stagnant/increasing production region

decreasing production region

energy policy of korean government1
Energy Policy of Korean Government

■ Strengthening Strategic Cooperation

• Development of a close cooperative relationship with Azerbaijan

• Participation in exploration and development of energy fields

: oil, gas, coal, mineral resources

• Security of supply of energy and diversify import sources

: abundant resources, huge export potential of oil and gas

: oil and gas transportation hub in Caspian region

: friendly investment environment for foreign company

• Economic Benefits

: spill-over effects

: effective development of resources throughout technology transfer and foreign investment

potential for oil export
Potential for Oil Export

Source: EIA(2006)

energy cooperation strategy
Energy Cooperation Strategy

■ Comprehensive Cooperation

• In energy/resource, plant and construction, manufacturing industry, and service sectors

• In governmental, commercial, and research levels

: officials meeting, expert forum, business forum

• Cooperation can provide a win-win opportunity for both countries

: lots of potential opportunities for cooperation on energy and energy-related business

■ Strengthening Inter-governmental Cooperation

• Energy trade requires stable political relationships

• Improve investment environment

: Establishment of investment-friendly environment

: Reduce investment risks

: Inter-governmental supporting scheme for Investment promotion and protection

energy cooperation strategy1
Energy Cooperation Strategy

■ Creation of Successful Business in Energy Sector

• Policy commitment by both governments

: concerted efforts

: confidence Building

: accumulation of cooperation experience

• Provide significant momentum to energy development and further economic cooperation

: availability of additional projects in offshore and onshore regions

: development and extension of cooperation projects in industry sectors

energy cooperation strategy2
Energy Cooperation Strategy

■ Establishment of Working Groups

• Expert groups in several sector

• Collaborative research and activities

: specify feasible joint projects and actualize them

: execute joint studies and activities(seminars, symposia, conferences, workshop)

• Inter-governmental management and support

■ Exchange Visit of Experts of both countries

• Promote human resources development

• Enhance closer cooperation

• Capacity building and information exchange

: exchange program for training and educational courses

• Governmental, commercial, and research sector interchange

• Establishment cooperation network