Russia’s Energy Strategy in the Northeast Asian Region and New Korea-Russia Cooperation: Focusing on the Natural Gas and Hydrogen Sectors

Joungho Park (), Boogyun Kang (), Seok Hwan Kim () and Andrey Kovsh ()
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Joungho Park: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, https://www.kiep.go.kr/eng/
Boogyun Kang: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, https://www.kiep.go.kr/eng/
Seok Hwan Kim: Hankuk University of Foreign Studies, Postal: 107, Imun-ro, Dongdaemun-gu, Seoul, Republic of Korea, https://www.hufs.ac.kr/
Andrey Kovsh: Saint Petersburg State University, Postal: 7-9 Universitetskaya Embankment, St Petersburg, Russia, 199034, https://english.spbu.ru/

No 22-26, World Economy Brief from Korea Institute for International Economic Policy

Abstract: This study attempts to identify new directions for energy cooperation between Korea and Russia, focusing on the areas of natural gas and hydrogen. In particular, we derive new directions and tasks for energy cooperation between the two countries, reflecting changes in the international energy environment, such as climate change and decarbonization, which are in full swing at the global level. To this end, this study is consisted of the following four parts. Part II examines the geopolitics of energy coming into the 21st century and Russia’s new energy strategy. Part III conducts an in-depth analysis of the energy cooperation strategies of China and Japan, major Northeast Asian countries, with Russia, and Part IV comprehensively evaluates Korea’s energy strategy and Korea-Russia energy cooperation. In conclusion, Part V presents new plans for Korea-Russia energy cooperation. As a side note, after carrying out this study, the policy environment for energy cooperation with Russia has significantly changed. Russia’s war against Ukraine is expected to change the landscape of global energy and its geopolitics in profound ways. In the midst of these significant changes, it is hoped that this study will serve as a meaningful reference for analyzing and forecasting the global energy dynamics surrounding Russia.

Keywords: Russias Energy Strategy Korea-Russia Cooperation; Natural Gas and Hydrogen Sectors (search for similar items in EconPapers)
Pages: 4 pages
Date: 2022-07-05
New Economics Papers: this item is included in nep-cis, nep-ene, nep-env and nep-int
Note: Immovable Property Tax, Inequality, Economic growth, Housing Price
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2022_026

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