Antinuclear

South Korea – Australia gas-uranium package deal?

South Korea has suggested a possible package deal to build nuclear-power plants in global markets using the country’s advanced technology and Australia’s uranium, the ministry said.

Korean Firms to Raise Australian LNG Spending  WSJ.com, OCTOBER 24, 2010. By KYONG-AE CHOI, SEOUL—South Korea and Australia have agreed to allow South Korean companies to increase their investments in liquefied natural gas development projects in the resource-rich country in a business meeting between the two countries, South Korea’s Ministry of Strategy and Finance said Friday…… South Korea is the biggest importer of LNG in the world and Australia is the largest mineral supplier to Korea…..

South Korea has suggested a possible package deal to build nuclear-power plants in global markets using the country’s advanced technology and Australia’s uranium, the ministry said.

Posco Chairman and Chief Executive Chung Joon-yang, “made the proposal when South Korean officials and business leaders met their Australian counterparts today,” Joo Hyung-hwan, director general of the ministry’s international economic affairs bureau, said. Mr. Chung, who heads the world’s fourth-biggest steelmaker by output, was a representative for several Korean business leaders at the “high-ranking” meeting…..

Australia has estimated uranium reserves accounting for 23% of the world’s total reserves of the key raw material, while South Korea has a track record of building nuclear power plants at home and abroad, Mr. Joo said….

Korean Firms to Raise Australian LNG Spending – WSJ.com

October 24, 2010 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, politics international, uranium | antinuclear, Australia, gas, uranium