SK Group
Following the US Nuclear Regulatory Commission's approval for TerraPower's Natrium small modular reactor (SMR) in Wyoming, SK Innovation and Korea Hydro & Nuclear Power (KHNP) are expanding their collaboration on the project, leveraging their investments and expertise to build an SMR ecosystem for industrial applications like data centers.
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SK Innovation E&S, the energy unit of South Korea's SK Group, has begun production at the Barossa gas field in Australia, a project it invested in 14 years ago. This marks the first time a Korean private-sector company has achieved LNG production through an overseas resource development project. The initial output is expected to secure 1.3 million tons of LNG annually, equivalent to about 3 percent of Korea's annual LNG imports.