Energy Cooperation between Korea and the U.S.: Opportunities and Challenges

Image of an oil rig

Energy security has long been a key policy agenda for the Republic of Korea and the United States. Geopolitical risks related with oil and gas supply, especially the instability in the Middle East and the South China Sea, still constitute a key pillar of energy security for both ROK and the U.S. Recently, the ROK has emerged a major buyer of U.S. LNG and shale oil. However, energy partnership between the two countries should be built beyond energy transactions. It should cope with the challenges from climate change and energy transition while exploring the opportunities in new energy technologies and emerging markets at the global level. Energy security cooperation needs to be re-emphasized as a key element of the comprehensive alliance. This seminar addresses key opportunities and challenges of U.S.-ROK energy cooperation.

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