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Korea-Brunei Energy Cooperation

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A timeline of memorable achievements:

1994 The first agreement to export Liquefied Natural Gas(LNG) to the Republic of Korea was signed between BLNG and KOGAS.

1997 BLNG and KOGAS signed a second agreement to supply LNG to Korea for the next 16 years.

2004 To Celebrate their 10th Year Anniversary, a new Memorandum of Agreement on LNG pricing covering a 5 year period from 2003 to 2008 was signed. During this period, BLNG achieved another milestone when it exported 3,749,354 tonnes of LNG to Korea with a value estimating to BND$ 1,990.9 million.

2013 A third agreement was signed between BLNG and KOGAS. Throughout the year Korea received 1,096,786 tonnes of LNG (valued at BND$ 1,207.3 million), the largest amount compared to the previous ten years.

2014 This year marks the 20th Year Anniversary between KOGAS and BLNG.

EXPORTS OF CRUDE OIL AND LNG TO KOREA 2004-2013

Korea-Brunei Energy Cooperation

YEAR

CRUDE OIL LIQUEFIED NATURAL GAS (LNG)

QUANTITY (Tonne)

VALUE (BND Million)

QUANTITY (Tonne)

VALUE (BND Million)

2004 1,395,912 749.7 849,420 350.6

2005 1,468,425 1,039.5 606,765 275.2

2006 1,742,598 1,419.5 868,719 404.8

2007 1,277,129 1,132.6 603,878 268.7

2008 1,437,824 1,519.4 820,572 691.6

2009 1,220,737 831.3 543,030 373.8

2010 1,761,363 1,397.2 805,298 611.7

2011 1,658,869 1,772.4 710,312 690.9

2012 1,324,111 1,475.5 859,406 1,020.3

2013 1,008,965 1,090.4 1,096,786 1,207.3

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On January 31, 2008, Daewoo Shipbuilding and Marine Engineering Company Limited (DSME) were awarded two ship-building contracts worth over US$500 Million. These two Korean-constructed vessels “Arkat”and “Amali”were delivered in 2011 and these two vessels doubled the size of the Brunei Shell Tankers B-Class Fleet, currently under the administration of Brunei Gas Carriers.

On April 28, 2012, a signing ceremony took place between the Brunei Gas Carriers and Hyundai Heavy Industries Ltd for the construction of a third Korean- constructed vessel. The vessel is expected to be delivered to Brunei in October 2014.

The new 154,800 cubic meter vessel will be equipped with “new and green technologies”. This Dual-fuel-diesel-electric-engine-powered vessel will have more fuel efficiency and will emit less carbon dioxide compared to BGC’s first A-class vessel, the

On December 21, 2012, another contract was signed between the Brunei Gas Carriers and Hyundai Heavy Industries Ltd for the construction of a fourth Korean-constructed vessel. The vessel will be delivered in mid 2015.

Korean-Built Ships in Brunei

AMALI

ARKAT

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Korean-made cars have been in Brunei since the 1980s. Initially, the demand for them were not high compared to other brands of cars due to the rarity of spare parts for Korean- made cars. The first two models to enter the Bruneian automobile market were Hyundai Pony and Stellar, which are still seen to this day being driven by some Bruneians.

As time passed by, however, Korean-made cars improved to become more reliable and affordable. In doing so, the demand for Korean-made cars steadily increased throughout the years. A variety of Korean- made cars can be seen nowadays providing reliable and comfortable transport for many of the locals across the roads of Brunei.

The two best selling Korean cars brands in Brunei are Hyundai and Kia and they are distributed by Setia Motors Sdn Bhd and Grand Motors Sdn Bhd respectively. Furthermore, Hyundai and Kia are ranked within the 2013 top five selling cars in Brunei. Kia takes second place with a total of 8,758 units sold, while Hyundai rounds the top five with a total of 5,256 units sold.

Korean Cars in Brunei

Year Hyundai Kia

2010 1,011 1,078

2011 1,107 1,797

2012 1,642 3,397

2013 1,496 2,486

Units of cars sold

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Owning a Korean car is now a catching trend in Brunei. In contrast to the 1980s, certified professional mechanics are readily available for any after-sales service and spare parts can be easily obtained from almost every parts store in Brunei.

With striking body designs, a durable engine and affordable prices, Hyundai and Kia cars have risen to become some of the most sought-after cars in Brunei

Korean-made cars in Brunei have come a long way since the 1980s and will continue to do so as many Bruneians look forward to in anticipation to more exquisite cars from Korea.

The Hyundai Pony The Hyundai Stellar

Latest Models

The Hyundai Veloster The Kia Optima

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Daelim Industrial Co., Ltd. launched the construction of the “Sungai Brunei Bridge (Sungai Kebun Bridge)” on January 16, 2014. The construction firm was the first Korean company to have entered the Bruneian market; it erected a liquefaction plant in 1970s.

The Sungai Brunei Bridge project includes access roads, a 2-kilometer expansion of pre-existing roads and two new interchanges. As a single bridge, it will be the largest in Brunei after completion of its construction in 2016.

The Sungai Brunei Bridge will straddle the Brunei river, passing through Bandar Seri Begawan.

It will connect the Jalan Residency and the Kampong Sungai Kebun area and is expected to smooth traffic in the region, and make the area a better place to live.

Once the bridge is built, the 40km distance will be shortened to a mere 607m.

The 607-meter long iconic cable-stayed bridge will have one concrete pylon at the height of 161m, along with a four lane expressway. Aesthetically, the design of the bridge incorporates Islamic culture.

The pylon’s shape embodies the dome of a mosque, and a prayer room will be located on the first floor of the tower. Its unique architecture will become a major landmark of Brunei.

Korean construction companies have undertaken other monument construction projects such as the Jame’Asr Hassanil Bolkiah Mosque, also known as the Kiarong Mosque, and the Yayasan Complex.

Successful accomplishment of the Sungai Brunei Bridge project will, once again, demonstrate close ties between Korea and Brunei.

A New Landmark

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History of Korean Construction in Brunei

Project Period Company

Brunei Guest House Complex

(Prince Mohammad Official Residence) 1983.07 - 1984.07 Keangnam

Badas Barrage 1984.03 - 1986.08 Daelim

Co-generation Plant 1985.02 - 1986.10 Shinhwa

Royal Brunei Air Building 1983.05 - 1985.02

Ssangyoung

Q.A.F Building 1985.04 - 1985.07

Arterial Road 1984.11 - 1985.10

Daehan

Airport Cargo Terminal 1984.04 - 1985.11

Tumasek Plaza 1984.04 - 1985.11

Airport Taxi-way 1983.02 - 1985.01

Housing Project 1984.07 - 1985.05 Halla

Mechanized Rice Production Project 1985.07 - 1986.02

Korea Agricultural Development

Corpotation

Jame’Asr Hassanal Bolkiah Mosque 1992.07 Keangnam

BSP(Brunei Shell Petroleum) Main

Office Building renovation 1994.05 - 1996.12 Daelim

Yayasan Hassanal Bolkiah Complex 1994.05 - 1996.07 Keangnam

Jerudong Park Marina Breakwater 1996.06 -1998.10 Hyundai E&C

National Housing Project at kg Lumut/sg Liang (402

Unit) 2010.09 - 2012.11 Daeje

Military Academy 2013.04 - 2014.10 Daeje

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Q:How did you start the cosmetic business, LANEIGE?

Ever since I was young, I was very keen to explore how to keep my skin at its best condition.

Since my 20s, I have been using cosmetics from LANEIGE, because it suits my skin very well. Due to this experience, I naturally gained trust for the brand. In addition, I saw Korean cosmetics as befitting my beliefs in making a choice and therefore I founded LANEIGE in Brunei. LANEIGE is the leading cosmetic corporation in Korea which develops its products with pride. We will constantly endeavor to provide satisfaction for customers and continue to make advances.

Q:You have been doing a lot of charity work in Brunei for about 5 years with LANEIGE.

Can you tell us about your activities?

We held charity campaigns throughout these years to give back to the society. Sometimes, we are unaware of how privileged we are in life, until we notice others who are in need. Seeing this, I took action and did what I believed to be my part.

We work closely with Non-government Organizations and the different government sector as well other business supporters to help those who are in need through different campaigns. For instance,

“LANEIGE Makeup Your Life”Breast Cancer Awareness Campaign is a fundraiser supporting BBCSG and aims to increase awareness. Other examples are “LANEIGE Broadway Musical Charity Competition”which raises funds to support YASKA Children Cancer Fund, SMARTERS, KACA, Pusat Bahagia and BELTA.

Q:What makes Korean cosmetics special to you?

I believe Korean cosmetics stands out from the crowd thanks to its unique culture, tradition and people. It is always about the energy that people deliver into a project. In a Korean made product, I see elements of the Korean spirit. The respectful, energetic and persevering mindsets are what I greatly enjoy.

New Elements that Make up Good Cosmetics

Editors note:Patricia Li is the General Manager of HGKK LHS Company, a distributor of Korean cosmetics since 2005.

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For 93 days from May 12 to August 12, the Republic of Korea played host to 106 countries at the International Exposition Yeosu Korea 2012. The Expo was held at the New Port area in Yeosu due to its excellent location as an urban coastal site that made it ideal for the successful realization of the Expo theme, The Living Ocean & Coasts: Diversity of the Resources and Sustainable Activities.

Among the participating countries was Brunei Darussalam with the theme, Forests and Reefs;

Sustainable Biodiversity. Present at the ceremony was the Second Minister of Foreign Affairs and Trade, the Honorable Pehin Lim Jock Seng. Brunei Darussalam had the privilege of being one of the few countries to have a separate pavilion from which the efforts on bringing out much about the delicate eco- balance on land and water could be exhibited on a grand scale to the 8 million visitors in attendance.

Another privilege for Brunei Darussalam during

‘National Day’during the opening ceremony of the International Exposition Yeosu Korea 2012. At the opening ceremony, Brunei cultural troupes performed traditional songs and dances such as Solla Rabbuna, Alai Ashik and Alas Jua Dindang.

Aside from having been culturally represented at the opening ceremony, the Brunei Pavilion showcased how resource development and administration could contribute as prime factors to maintaining its tropical rainforests and diverse marine ecosystem. The Pavilion echoed both the Expo and its own theme through organizing each corner of the pavilion to demonstrate distinct features of Brunei Darussalam’s rainforests and marine ecosystem.

The outcomes of the 93 day Expo were well received with regards to their respective themes. For Brunei Darussalam and the Republic of Korea, the International Exposition Yeosu Korea 2012 marked another chapter in the history of bilateral relations between both countries.

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