Energy security
South Korea joins 7 countries in Strait of Hormuz statement
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South Korea's foreign ministry announced Friday it will join a joint statement by seven countries, including Britain, France, Germany, Italy, Japan, the Netherlands and Canada, condemning Iran's attacks in the Gulf and de facto closure of the Strait of Hormuz. The statement calls on Iran to cease its actions and respect freedom of navigation. Seoul cited safety of sea lanes and impacts on its energy supply.
Premier Li Qiang convened a State Council study session on Monday, urging a 'bottom-line mentality' to secure energy supplies. The meeting, attended by Vice-Premier Ding Xuexiang and other deputies, focused on coordinating energy security and sector transformation. Li highlighted vigilance amid international upheavals and China's growing energy demand.
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In January 2026, imported gas accounted for 21% of total consumption in Colombia, according to Upme data. This figure highlights the rising trend in imports due to declining local reserves, as warned by Naturgas, which forecasts 26% by year's end.