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South Korea wants to import more U.S. oil and gas to diversify energy sources and ensure stable supplies amid tensions in the Middle East, South Korea’s energy minister said Thursday. Ahn Duk-geun.
He told reporters the government may need to increase its support for buying non-Middle East oil to help companies diversify their energy sources.
The comments come as US President-elect Donald Trump, who takes office on January 20, has promised to impose 10% tariffs on global imports to the United States.
Mr Trump said the European Union must step up imports of oil and gas from the United States or face tariffs on the bloc’s exports, which include goods such as cars and machines.
South Korea is the world’s fourth-largest buyer of crude oil and gas, according to the Korea National Oil Corporation, and the ninth-largest consumer of energy.
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