Green Growth and Sustainable Development in the Field of Energy

2014. 9. 29

Eng. SON, Hyuk Soo / Senior Researcher

Embassy of the Republic of Korea

Korea’s

Green Growth and Sustainable Development in the Field of Energy

2014 Korea-Yemen Energy Forum

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2014 Korea-Yemen Energy Forum

1. Korea’s Development and Green Growth 2. Energy Sector in Korea

3. Energy Cooperation between Korea-Yemen

Table of Contents

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Modernization of Korea

1950s 2010

 Aerial view, 60 years apart - Seoul

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3

2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 01 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2014 Korea-Yemen Energy Forum

Korean War

 Industrial Base was Totally Destroyed During the War

Korean War (1950 - 1953)

 Average annual growth rate during the war : -19%

 Amount of damage : US$ 5.5 billion

 Total Civilian Casualties: 2.5 Million

Seoul during the Korean War

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Development Outcomes

 Per capita Income: US$ 82 (1961) US$ 20,759 (2010)

 Size of GDP: US$ 2.1 bil. (1961) over US$ 1 trillion (2010)

 Joined the OECD (1996)

 Joined the OECD’s Development Assistance Committee (2009)

 Hosted the G20 Summit (2010)

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2014 Korea-Yemen Energy Forum

Development Outcomes

 Over 500 times GDP growth, 300 times trade volume growth

(KRW BN, 1USD=1100KRW)

USD 2BN (1970)

USD 1,007BN (2010)

(USD MN)

USD 3BN (1970)

USD 900BN (2010)

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Development Outcomes

 Korea’s World-Class Products (2012)

Korea ranks 5

in a comparison with other top exports

(HS code)

Amount of Export (USD MN)

Market Share (%)

Memories

(8542.32)

16,612 23.9

Motor Vehicle Parts

(8708.99)

13,950 14.9

Tankers

(8901.20)

11,747 54.5

Special Ships

(8905.90)

6,642 49.8

Electric signaling Apparatus Parts

(8531.90)

4,631 54.6

2014 Korea-Yemen Energy Forum

Challenges in Development

 Sustained Growth

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 but not without Difficulties

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Imperative Change for Development

Climate Impact

Energy security vulnerability Economic slow-down

- average temperature rise 1.7 ȔWLPHVPRUHWKDQZRUOGDYHUDJH - 140 billion USD energy bill

- growth rate declining since the Asian economic crisis in late 1990s - growth without rise in employment

90s

“New path is needed”

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2014 Korea-Yemen Energy Forum

Turning Crises into Opportunities

Next 60 years

Green growth

Last 60 years Economic growth g

 Declaration of a New Vision : Creating New 60 years

- announcement of a new national vision in the 60th anniversary of the

founding of the Republic on August 15th 2008

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New Development Paradigm

 Green Growth

More than just an environmental policy

- a new paradigm of progress

- changing people’s behavior and way of thinking

2014 Korea-Yemen Energy Forum

Turning Grand Vision into Real Actions

key role for the Presidential Committee on Green Growth

Sustained Drive

-Inheriting the spirit of the “Economic Development Plan” in the 60~80s * 5 year implementation plans - New “green saemauel movement”

Strategy Plan

- Re-orientation of private-public finance toward green (policy, R&D, SOC) - 2% of GDP government spending on Green Growth policy

Green Budget

Legislation of

the Framework Act on Green Growth

Legal Framework

National midterm GHG reduction target

- set this year -

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Green Growth, Global & Regional Trend

¾ 1992: Earth Summit adopted Sustainable Development (Agenda21)

¾ 1997: Kyoto Protocol

¾ 2008: Financial Crisis Æ Æ Green Job, Green New Deal

™ shifting from Green as a burden on economy to

New Idea: Green can drive economic recovery !!!!!!

¾ May 2009: OECD, Ministerial Declaration on Green Growth

¾ June 2010: Korea launched GGGI (Global Green Growth Institute)

¾ December 2010: Decision of establishing GCF (Green Climate Fund) at UNFCCC COP16

¾ 2011: Green Economy Report (UNEP), Green Growth Strategy Report (OECD)

¾ June 2012: Rio+20 on Green Economy

GGGI converted into International organization at Rio+20

¾ October 2012: Korea hosted the Secretariat of GCF

¾ September 2014: UN Climate Summit 2014

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GGGI, Global Green Growth Institute

GGGI is a new intergovernmental organization founded to support and promote a model of economic growth known as “green growth.”

- Headquartered in Seoul, Korea

- 20 Member countries and states

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GCF, Green Climate Fund

GCF was established to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.

- Headquartered in Seoul, Korea

- Designated as an operating entity of the financial mechanism of the UNFCCC - Intended to be the main fund for global climate change finance in the context of mobilizing USD 100 billion by 2020

UNFCCC

- With 196 Parties, the United Nations Framework Convention on Climate Change (UNFCCC) has near universal membership and is the parent treaty of the 1997 Kyoto Protocol

2014 Korea-Yemen Energy Forum

Flows of Climate Finance 2013

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Green Growth in Developing Countries

 What is Green Growth for developing countries ?

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2014 Korea-Yemen Energy Forum

Green growth path for developing countries Green growth path

for developed countries

Green Growth in Developing Countries

 “Green Growth” path to a sustainable economy

Sustainable Economy

Industrial Competiveness

Environmental Performance

Economic Output

Environmental Quality Developed

Countries

Developing

Countries

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1. Korea’s Development and Green Growth 2. Energy Sector in Korea

3. Energy Cooperation between Korea-Yemen

19

2014 Korea-Yemen Energy Forum

Energy Situation in Korea

Energy Consumption

Crude Oil Import

CO

Emission

9

biggest energy consumer in the world (229 Mtoe)

5

biggest importer, 108 billion USD

(accounting for 58.5% of all energy import)

9

biggest Emitter in the world, 588tonCO

91.2 billion USD

(Energy)

152.9 billion USD

(Car + Semi-conductor + Shipbuilding)

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2012 Energy Balance Flow in Korea

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2014 Korea-Yemen Energy Forum

Status of New and Renewable Energy

Renewable Energy : 8 Sources

- Solar

3KRWRYROWDLF

- Fuel-cell, Hydrogen, Coal Liquefaction or Gasification

2.37

% 2.43

% 2.50

% 2.60

% 2.74

%

3.18%

೛ New-Renewable Energy Share in T otal Primary Energy Supply : 3.18% (2012) - TPES(278,698,000TOE) vs. NRE Supply(8,851,000 TOE)

೛ NRE supply has been increased by annual average of 9.6% (2007-2012)

(while annual average of TPES growth is 3.3%)

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Status of NRE Industry in Korea

Manufacturer Employment Revenue Size Export

’07 ’12 ’07 ’12 ’07 ’12 ’07 ’12

100 ^3,532

1.2 0.74

200 11,836 6.4 2.52

x2 x3.3 x5.3

2 X3.4

* Manufacturers based on 6 Sources(PV, Wind, Bio, Fuel Cell, Solar Thermal, Geothermal) Unit: # of

manufacturer

Unit: # of employment

Unit: USD Billion Unit: USD Billion

೛ Rapid growth of NRE Industry

- Compared to 2007, the number of manufacturers was doubled in 2012 ೫ 100(’07) ’12) *Unit: # of manufacturer

- The revenue size was increased by 5.3 times (2007

೫ Despite of the global economic crisis, steady growth of the industry achieved 6.4 billion dollars of revenue in 2012

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Achievements - Solar Photovoltaic

Solar

PV

Establishment of A Complete Value-Chain

’07 ’12 30

83 2.7 times

Employees

’07 ’12 1,279

8,302 6.4 times

Production (bil. USD)

’07 ’12 0.4

)) 10.5 times 4.2

Exports (100 mil. USD)

’07 ’11 1.7

)) 19.6 11.5 times

With its complete value-chain, Korea is one of the most competitive players in global PV market

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Achievements - Wind

Manufacturers

’07 ’11 24

38 1.5 times

Employees

’07 ’11 1,434

2,456 1.7 times

Production (bil. USD)

’07 ’11 0.6

2 times 1.2

Exports (100 mil. USD)

’07 ’11

5.5 4.8

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Category Major companies

Parts

Blade Tower Component System

KM, Deck, Doha Industry, Gwangdong FRP, Hwashin FRP Dongkuk S&C, Unison, CS wind, Speco, Win&P

Taewoong, Pyungsan, Yonghyun BM, Hyunjin Materials, Unison, Mysco Doosan, Hyundai, Hyosung, STX, Samsung heavy industries, DSME

ti E t

Wind

Electricity, Shipbuilding

Establishment of Industrial Structure with Huge Potential

Industrial structure has been built with collaboration between SMEs for components &

large enterprises for finished goods

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2014 Korea-Yemen Energy Forum

Achievements - Others

Fuel Cell

Bio- Diesel

Tidal

IGCC

Supporting Fuel Cell market by Renewable Portfolio Standard Policy (1^st in the world)

* 36,450kW generation capacity (’10)

Supporting Fuel Cell for house/building through dissemination program (’10~)

Supporting 21kW for building, 209kW for house (’10)

POSCO Power Fuel Cell Stack Plant (100MW/yr) – Construction Completed (Mar. 11)

Rise in supply of Bio-Diesel by Bio-Diesel Dissemination Plan

Encouraging participation of SME and Large Enterprises

* 22 Bio-Diesel manufacturers including Large Enterprises, such as SK Chemical, AEKYUNG Petrochemical

Operating Shi-Hwa Tidal Power Plants (254MW)

* Ga-ro-lim Bay, Incheon Bay, Gang-hwa Bay, etc. Several tidal power plants are under consideration.

Launched 2^nd phase of R&D project (‘11)

* Construct a 300MW pilot plant until 2015 S

 P P

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Korea’s 2nd Energy Basic Plan

2 ^nd Energy Basic Plan (2014)

Goal of Supply 11% from New & Renewable Energy Sources by 2035

Waste and Hydro will be decreased / PV, Wind, Geothermal, Solar thermal will be increased

Target for NRE Production Share(%)

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New & Renewable Energy Basic Plan will be announced in 2014

2014 Korea-Yemen Energy Forum

Implementation : Action Plan

R&D

Innovation

 Development of breakthrough innovative technologies with high potential for leading global market

 Localization of key components, materials and equipments to enhance price competitiveness

Increase government R&D budget for SMEs’ components, materials and equipment development

 Development of Test-bed sites for renewables

Support for testing and analysis by renewable sources, performance testing, reliability test of R&D outcomes

Strengthen public-private partnerships and encourage the participation of

SMEs in government funded R&D projects

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Implementation : Action Plan

Demonstration

R&D Deployment Commercialization

Innovation

Various demonstration programs are being carried out.

Large-scale demonstration programs and sites:

Onshore wind power performance demonstration Jeju Island Smart Grid Test Bed

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2014 Korea-Yemen Energy Forum

Implementation : Action Plan

Deployment

R&D Demonstration Commercialization

Innovation

Home Subsidy Program

Supply residential energy sector with new and renewable energy including photovoltaics, concentrated solar power,

thermal power and fuel cells

10 Green Projects

Maximize the utilization of renewables through 10 green projects including Green power, Green post, Green factory, Green island,

Green school, Green highway, Green port, Green logistics, Green army and Green Industrial complex

Renewable Portfolio Standard

Korea recently changed the renewables policy from FIT to RPS Targeting 10% of electricity from renewables by 2022

GHG Target Management

Heavy-emitting industries(377 entities in 2013) are subject to

mandatory emission reduction target

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Implementation : Action Plan

 Support for overseas market expansion

 Establishment of general support system for overseas market expansion

 Increase the public acceptance of new and renewable energy products

Find innovative energy products that can be used in daily lives, and expand from industrial market to consumer market

Commercialization

R&D Demonstration Deployment

Innovation

Overseas project

candidates Feasibility check Governmental aid for overseas market entry

g

g p pp p y y

¾ Help SMEs for overseas market entry

¾ Establish NRE Export Support Center

¾ Utilize official development assistant(ODA) and multilateral-, bilateral partnerships

Overseas market entry support program

2014 Korea-Yemen Energy Forum

Main Policies and Strategies in NRE

Function Object Method Program 2014 Budget (US$ mn)

NRE Deployment

Program

Private Sector

Subsidy

Home Subsidy Program (1 Mil. Homes) 54.9

Building Subsidy Program 22.5

Feed-in-Tariffs (FIT) 336

Overseas Business Support 4.5

Loan Financial Support Program 103.4

Mandatory Renewable Portfolio Standard (RPS) 0.2

Public Sector

Subsidy

Regional Deployment Program 21

Combined Support Program 10

Establishment of NRE Test-bed 1

Mandatory NRE Mandatory Use for Public Buildings -

Infrastructure- building Program

Private

&

Public Sector

-

Certification, Standardization, and

International Cooperation 3.3

R&D(Policy and Regulation) 5.4

倝 Budget for 2014 NRE Deployment and Infrastructure: 562.2 million USD

- (Deployment: 553.5 million USD ; Infrastructure : 8.7 million USD)

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Best Practice - Building Subsidy Program

Subsidize a portion of installation cost of NRE facilities in buildings

୔ Applicable NRE : Solar PV, Solar Thermal, Geothermal, Fuel Cell, etc.

1993~2007 2008 2009 2010 2011 2012 2013 Total

# of Building 763 166 274 166 229 339 423 2,360

Subsidy

(1Mil.USD) 101.313 26.639 13.93 13.99 19.04 19.993 21.391 217.060

The Status of Building Subsidy Program (‘13. 12. 31)

Masan University (Solar PV 50kW, Subsidized $71,000) (2013) Reduced electricity bills from Solar PV installation on the rooftop of the dormitory building

- Electricity saving equals to planting 247 young pine trees (27,475kWCO₂)

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Overview

Current Status

Best Practice

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2014 Korea-Yemen Energy Forum

Future Policy Plan

RPS (Renewable Portfolio Standard) RHO (Renewable Heat Obligation)

RFS (Renewable Fuel Standard)

Enforces 14 power producers to supply certain amount of the total Power generation by NRE

Obligate new buildings to provide fixed ratio of the heat energy from NRE (will be implemented in 2016)

Obligate fuel providers to apply certain rate of renewable energy in fuel (will be implemented in 2015)

(2012) (2016) (2015)

Integrated Market

RPS (Electricity ) RHO(Heat) RFS(Transport )

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Reinforced Policy

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Korea Energy Management Corporation

Energy Efficiency and Saving

New and Renewable Energy

Climate Change Response

 Implementing EE(Energy Efficiency) Programs (VA, ESCO, Soft Loan, etc.)

 Market Transformation for Energy Efficiency (Labeling and Certificates)

 Public Relations, Educations and Campaigns

 Deployment of 1 Million Green Homes

 Certification of New & Renewable Energy Systems

 Financial Supports (Subsidy, Loan), Public Obligation, RPS, FIT, etc.

 End-Use Energy & GHG Statistics

 Registration and Certification of Voluntary GHG Reductions (KCER*)

 Certification for CDM Projects

* KCER : Korea Certified Emission Reductions Major Activities

History

ƒ 1980 Establishment of KEMCO(Korea Energy Management Corporation)

Organizations 4 Headquarters, 1 Renewable Center, 12 Regional Offices

2014 Korea-Yemen Energy Forum

New and Renewable Energy Center (NREC)

History of NREC:

ƒ1980

KEMCO was Established

ƒ1989

(Affiliated) The Alternate Energy Development Center was Established

ƒ2003 (Affiliated) Expanded and Reorganized as New and Renewable Energy Center (NREC)

Organization : 4 Departments

Major Activities :

Budget(2014) : 562.4 (Operating Budget : 3.5, Loan and Subsidy 558.9) * Unit: million USD Employment : 88 Staffs

 Deployment Programs(Home, Building, Regional)

 Infrastructure (Certification, Test-bed)

 Policy (Law and Regulation, Statistics, International Cooperation)

Objective : Effective and Professional Promotion of NRE Deployment and Application Legal Basis : Article 31 of Act on the Promotion of the Development, Use, and Diffusion of New and Renewable Energy

Characteristic : Government Agency (Under MOTIE)

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Energy Forum

1. Korea’s Development and Green Growth 2. Energy Sector in Korea

3. Energy Cooperation between Korea-Yemen

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2014 Korea-Yemen Energy Forum

Yemen’s Trade Statistics 2008-2013

 2008 2009 2010 2011 2012 2013

Trade Balance - 2,962 - 2,926 - 2,818 - 3,086 - 4,198

Export

7,584 6,259 6,437 6,948 7,062 7,130

Import

10,546 9,185 9,255 10,034 11,260 13,273

Total Imports in 2013 $13,272,928,405

Wheat and meslin. (HS code 1001) $1,048,449,177

Motor cars and other motor vehicles prin cipally designed for the transport of pers ons (HS code 8703)

$523,822,405

Rice. (HS code 1006) $363,139,585

Cane or beet sugar and chemically pure

sucrose, in solid form (HS code 1701) $342,128,971

Medicaments consisting of mixed or un mixed products for therapeutic or prophy lactic uses (HS code 3004)

$330,882,438 Total Exports in 2013 $7,129,806,232

Petroleum oils and oils obtained from bi

tuminous minerals, crude. (HS code 2709) $3,248,692,363

Petroleum gases and other gaseous hy

drocarbons. (HS code 2711) $2,053,678,111

Oils and other products of the distillati on of high temperature coal tar (HS code 2707)

$642,271,781

Fish, fresh or chilled, excluding fish fillet

s (HS code 0302) $121,334,257

Molluscs, whether in shell or not, live, fr esh, frozen, dried, salted or in brine (HS code 0307)

$41,663,974

(US$ mn)

 83.4% of Yemen’s Export Energy Industry

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Yemen’s Export 2010-2013

2010 2011 2012 2013 6

4 2

 2010 2011 2012 2013

Total $6,437 100.00% $6,947 100.00% $7,062 100.00% $7,130 100.00%

China $1,429 22.21% $2,250 32.40% $2,898 41.05% $1,718 24.11%

Thailand $231 3.60% $1,268 18.26% $1,357 19.23% $1,378 19.34%

Rep. of Korea $277 4.31% $558 8.03% $311 4.41% $892 12.52%

India $2,166 33.66% $949 13.67% $804 11.39% $543 7.62%

Bahrain $1.6 0.01% $0.3 0.00% $0.6 0.01% $352 4.95%

UAE $330 5.13% $202 2.92% $54 0.78% $320 4.49%

Trade Value (US$ mn), Share (%)

Export to Rep. of Korea

is gradually increasing from 2010 to 2013

And

Rep. of Korea

became Top #3 importing Country form Yemen in 2013

(US$ bn)

2014 Korea-Yemen Energy Forum

Cooperation Between Korea-Yemen

Total Export to Rep. of Korea in 2013 $892,611,071

Petroleum gases and other gaseo

us hydrocarbons (HS code 2711) $892,283,284

Coffee, whether or not roasted or decaffei

nated (HS code 0901) $137,513

Copper wire (HS code 7408) $35,203

Ferrous waste and scrap; remelting scrap i

ngots of iron or steel (HS code 7204) $28,803

Flat-rolled products of iron or non-alloy ste el, of a width of 600 mm or more, cold-roll ed (HS code 7209)

$22,734

Total Import from Rep. of Korea in 2013 $258,452,669

Motor cars and other motor vehicles princi pally designed for the transport of persons (HS code 8703)

$166,658,916

Motor vehicles for the transport of goods (

HS code 8704) $8,094,340

Other tubes, pipes and hollow profiles of ir

on or steel (HS code 7306) $6,730,713

Medicaments consisting of mixed or unmix ed products for therapeutic or prophylactic uses (HS code 3004)

$6,581,074

Electric accumulators, including separator

s therefor, whether or not rectangular (HS $5,347,819

 Total Trade Value between Korea-Yemen in 2013 : US$ 1,151 mn

 Trade in Energy Sector : 77.5% (LNG exports to Korea)

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Korea-Yemen Energy Cooperation

 Business Cooperation in LNG Industry

- Korea, TOP #1 LNG importing country in Yemen

2009 2010 2011 2012 2013

 2009 2010 2011 2012 2013

Total LNG Export $66,243,540 $732,521,138 $1,254,300,154 $555,544,174 $2,053,678,111 Rep. of Korea $31,672,334 $272,871,109 $527,375,068 $278,146,970 $892,283,284 China $0 $143,109,328 $167,943,612 $48,075,026 $365,855,448 Japan $0 $39,183,368 $72,653,128 $33,535,360 $237,936,860 India $0 $18,567,701 $22,261,789 $55,878,049 $226,969,497

2.0 1.5 1.0 0.5

(HS code 2711.11)

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2014 Korea-Yemen Energy Forum

Korea-Yemen Energy Cooperation

 Business Cooperation in LNG Industry

- Korean Companies invested in Yemen LNG Project - Yemen LNG Project (2005-2010, US$ 4.5 bn)

:Yemen’s largest-ever industrial investment - Shareholders of Yemen LNG Company

Total Hunt

SK Innovation

Co., Ltd.

Korea Gas Corporation

Hyundai Corporation

The General Authority for Social Security

& Pensions

39.62% 17.22% 16.73% 9.55% 6.00% 5.88% 5.00%

Korean Companies : 21.43%

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Korea-Yemen Energy Cooperation

 Business Cooperation in Oil E&P

 Activities of KNOC (Korea National Oil Corporation) in Yemen - 1985~2004 participated in investment and development of

Marib Oil-Blocks with Hunt, SK, etc.

- In 2005 Production Sharing Agreement for Block-70 KNOC (13% working interest)

 Total(52.72%, operator), OMV(20.25%), Samsung (8%), Daesung (6%)  After exploratory drilling,

Korea partners assigned 60% of their interest to Total and OMV by Farm Out Agreement

- In 2007 Farm-Out Agreement for Block-4 with YICOM

acquired 50% participating Interest of YICOM's share withdrawal from Yemen Block-4, end of September 2013

2014 Korea-Yemen Energy Forum

Korea-Yemen Energy Cooperation

 Training Program in the Energy Sector by the Government of Korea

- (2014) Development Cooperation for Energy Resources (Mineral

Resources Exploration and GIS/Remote Sensing) Course by KOICA - (2013) Mineral Resources Exploration and GIS/Remote Sensing Course by KOICA

- (2013) Energy Resource Development Program

- (2011) Climate Change and Energy Sustainability Course by KOICA - (2011) International Energy Policy Program

- (2011) Power Engineering and Management Course by KOICA

- (2011) Mineral Resources Exploration and GIS/Remote Sensing Course by KOICA

- (2011) International Energy Cooperation Course by KOICA

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Korea-Yemen Energy Cooperation

 Possible Opportunities of Energy Cooperation

1. (Implementing) Business Cooperation with Korean Companies

- Project Contracts - Business Investments

2. (Planning) Policy Consultation and Knowledge Sharing

- Energy Policy and Plans

- Strategy for Green Growth and Sustainable Development

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2014 Korea-Yemen Energy Forum

Korea-Yemen Energy Cooperation

 Business Opportunities with Korean Companies

- Renewable Energy Project : Capacity and Experiences of Korean Companies Exports - Increase in all sectors including material, cell & module

Recent trends – Increase in Equipment and EPC

Exports increase in wind power system as well as towers and forged parts

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Korea-Yemen Energy Cooperation

 Business Opportunities with Korean Companies

- IPP (Independent Power Producer) Investment Project (Case Example)

2014 Korea-Yemen Energy Forum

Korea-Yemen Energy Cooperation

 Policy Consultation and Knowledge Sharing

Knowledge Sharing Program (KSP) is a new paradigm of development cooperation launched in 2004 by the Government of Korea.

It aims to share Korea’s development know-how, assisting the partner countries and working towards lessening the knowledge divide.

Sub-Saharan Africa : 9 countries

Middle East and North Africa : 6 countries

> Algeria, Kuwait, Libya, Oman, Saudi Arabia, UAE

Southeast / South / Northeast Asia : 13 countries Latin America and Caribbean : 14 countries

Total 11 Energy Projects are on-going & completed

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Energy Forum

49

References

 Fiscal Policy for Green Growth, Presidential Committee on Green Growth of the Republic of Korea

 Korea's Economic Success: Strategies, Challenges, and Lessons, The Bank of Korea

 Journey toward green growth: Shaping the green future with GGGI, Global Green Growth Institute

 Low Carbon Green Growth Roadmap for Asia and the Pacific, UNESCAP

 New and Renewable Energy in Korea: Best Practices in Policy and Deployment, Korea Energy Management Corporation

 The Status and Prospect of Korean Renewable Energy Industry, Korea New &

Renewable Energy Association

 Power Energy Infra Division, Daewoo International Corporation

 Fostering SMEs via Developing the Globally Competitive Human Capital, Daewon Advisory Services

 United Nations Commodity Trade Statistics Database

 Networks and Policy Consultations, Knowledge Sharing Program

 Operation in Yemen, Korea National Oil Corporation

 Overview and Shareholders, Yemen LNG Company

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2014 Korea-Yemen Energy Forum

Embassy of the Republic of Korea in Sana’a, Yemen website: yem.mofa.go.kr email: yemen@mofa.go.kr



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Thank you for the kind attention