South Korea's offshore gas project faces skepticism over economic viability after initial drilling showed low gas yields.

South Korea's offshore gas project off its east coast, announced by President Yoon Suk Yeol, faces doubts over its economic feasibility due to initial drilling results showing insufficient gas amounts. Skeptics question the project's high costs and low success rate, leading to budget cuts by the opposition-controlled parliament. Despite these setbacks, the government plans to continue exploring six other sites, possibly with foreign partners.

2 months ago
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