US-Korea Energy Security Dialogue Held: "Strengthening Cooperation in the Energy Sector"

[Asia Economy Reporter Lim Cheol-young] Jeong Ki-yong, Director General of the Climate Environment Science Diplomacy Bureau at the Ministry of Foreign Affairs, held the '7th Korea-US Energy Security Dialogue' via video conference on the 13th with Kurt Donnelly, Deputy Assistant Secretary of the US Department of State's Bureau of Energy Resources, and Mark Napier, Deputy Assistant Secretary for East Asia and the Pacific, the Ministry of Foreign Affairs announced.

This meeting marks the seventh since the first Korea-US Energy Security Dialogue was held in July 2013 by the Ministry of Foreign Affairs and the US Department of State, following the agreement to expand energy cooperation at the 2013 Korea-US summit.

Both sides emphasized that energy cooperation between Korea and the US plays a key role in strengthening the friendly and alliance relationship between the two countries, and agreed to continue close cooperation to develop Korea-US energy security and the energy industry in a mutually beneficial direction. They discussed changes in the global energy market due to the impact of COVID-19 and explored bilateral and multilateral cooperation measures, including each country’s energy policies.

In particular, the two countries exchanged views on energy cooperation under Korea’s New Southern Policy and the US’s Indo-Pacific strategy energy cooperation initiative, 'Asia EDGE,' agreeing to strengthen cooperation in the Southeast Asian region. They also agreed to cooperate to enhance energy resource security, including cybersecurity of power systems and stable supply of mineral resources.

At the meeting, Director General Jeong introduced the Korean government’s Green New Deal policy aimed at overcoming the economic crisis caused by COVID-19 and structurally transitioning to a low-carbon society through clean energy transition, and requested US interest and cooperation in hydrogen energy, one of the core areas of the policy.

Meanwhile, on the occasion of the 7th Energy Security Dialogue, an 'Energy (Hydrogen·LNG) Experts Meeting' involving private sector experts from both countries was held on the 12th. This meeting was held simultaneously online and offline, where participants shared the current status of the hydrogen industry, focusing on hydrogen utilization fields such as hydrogen vehicles, and LNG market trends, and discussed cooperation measures between Korea and the US.

This content was produced with the assistance of AI translation services.