World Gas Conference underway in South Korea

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Energy companies around the world are discussing a stable natural gas supply and other issues at an international conference, as energy security has become an international concern following Russia’s invasion of Ukraine.

The World Gas Conference opened Tuesday in Daegu, South Korea, and will continue until Friday. About 20,000 people, including energy company executives, industry experts and others from more than 80 countries and regions, attend the triennial event.

South Korean President Yoon Suk-yeol said at the opening ceremony that the importance of energy security is increasing due to uncertainty in the supply of energy and raw materials.

He said the South Korean government will step up assistance for overseas resource development and diversification of energy sources.

Former UN Secretary General Ban Ki-moon also delivered a speech.

Referring to the invasion of Ukraine, Ban said sanctions against Russia could not be avoided but would drive up energy prices.

He added that international cooperation is necessary to achieve a sustainable society.

The event organizer said it decided not to invite Russian companies to the conference. Russian energy companies, including government-affiliated Gazprom, have participated in the past.

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