• 최종편집 2024-02-25(일)
 

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Australia stands out globally as the leading producer of lithium, ranking third in rare earth minerals and fourth in cobalt. This prominence has made it a prime focus for CCS(Carbon Capture & Storage) investments by Korean companies.

onsidering this background, Minister An Deok-geun of the Ministry of Trade, Industry and Energy engaged in discussions with Madeleine King, Australia's Minister for Resources and Northern Australia, in Seoul on February 2nd. The dialogue centered on fostering cooperation in energy and resources sectors, encompassing key minerals, CCS technology, and natural gas. Our concerns regarding Australia's energy regulations were also addressed during the meeting. 

Both nations recognized the imperative to reduce reliance on specific countries for key minerals by diversifying supply chains. They expressed a mutual interest in broadening collaboration from upstream activities such as exploration, development, and production to downstream processes like refining and processing. 

Additionally, they committed to streamlining procedures, including the prompt signing of the Korea-Australia CO2 Transport Agreement. This agreement aims to facilitate the smooth execution of CCS investment projects, which involve capturing CO2 emissions in Korea, transporting them to Australia, and permanently storing them in depleted gas fields. 

Minister Analso raised concerns regarding the extensiondate ('22 → '30) for Australia's Domestic Gas Security Mechanism (ADGSM), which restricts natural gas exports during domestic shortages. He urged for clearer guidelines for the application of Australia's Safeguard Mechanism, which oversees carbon emissions from multi-emission facilities.

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Exploring Korea-Australia Collaboration in Core Minerals, Carbon Capture and Storage (CCS) Technology, andNatural Gas Sector
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