onurdongel South Korean internet giant NAVER ( NHNCF ) will use Nvidia ( NVDA ) technology to build AI factories starting with AI infrastructure expansion at GAK Sejong. NAVER ( NHNCF ) will expand its sovereign AI infrastructure using Nvidia's ( NVDA ) DSX platform, beginning with a 55-megawatt deployment and planning to scale to gigawatt capacity. The platform will be used to rapidly design, bui...
onurdongel South Korean internet giant NAVER ( NHNCF ) will use Nvidia ( NVDA ) technology to build AI factories starting with AI infrastructure expansion at GAK Sejong. NAVER ( NHNCF ) will expand its sovereign AI infrastructure using Nvidia's ( NVDA ) DSX platform, beginning with a 55-megawatt deployment and planning to scale to gigawatt capacity. The platform will be used to rapidly design, build, and scale full-stack, end-to-end AI platforms that can serve enterprises, industries, and government. “NAVER is building AI factory infrastructure that will serve its companies, developers and industries. With NVIDIA DSX, we can help Korea scale sovereign intelligence infrastructure for the agentic era — from AI agents to AI factories and physical AI.” said Jensen Huang, founder and CEO of Nvidia ( NVDA ). More on Naver Historical earnings data for Naver Dividend scorecard for Naver Financial information for Naver
China’s imports of liquefied natural gas are surging as the nation steps up purchases to cope with rising electricity consumption over the hotter summer months. The country’s 30-day moving average for deliveries has jumped to 178,000 tons a day, the highest since early February, before the start of the war in the Middle East. Volumes, which have been rising since mid-April, are approaching the fiv...
China’s imports of liquefied natural gas are surging as the nation steps up purchases to cope with rising electricity consumption over the hotter summer months. The country’s 30-day moving average for deliveries has jumped to 178,000 tons a day, the highest since early February, before the start of the war in the Middle East. Volumes, which have been rising since mid-April, are approaching the five-year seasonal average. State-owned buyers including Cnooc Ltd. have increased activity, with Chinese importers taking about seven to 10 cargoes per month in order to replace lost Qatari supply, according to traders. Major buyers have stepped up purchases since late April, while private energy firms such as Guangdong Jovo Energy Group Co Ltd. are seeking cargoes, they said. The war has choked shipments from the Persian Gulf. The drop in LNG deliveries from Qatar was offset by an increase from exporters including Canada, Malaysia, and Russia last month, according to ship-tracking data. An increase in appetite by China, the biggest buyer in the world, could intensify competition for cargoes between Asia and Europe ahead of winter restocking requirements. Currently, Europe’s 30-day moving average for deliveries is down 19% from a year earlier and has been dropping since mid-March, according to ship-tracking data. Read More: A Searing Asian Summer Will Add to Risk of Surging Gas Prices Cnooc Ltd. purchased several cargoes for June , July and August delivery last month, while second-tier firm Zhejiang Energy International Ltd. bought a cargo for July . The uptick is a turnaround from last year, where the nation saw sluggish demand as it relied more on cheaper pipeline gas and robust inventories, as well as other substitutes including coal and renewables.
Iranian crude has been slashed for Chinese buyers in an effort to entice interest from independent oil refiners, which have reduced operating rates to stem losses from weaker margins. Prices for Iranian Light for July arrival were offered at a discount of more than $1 a barrel to ICE Brent benchmarks, compared with a premium last month, said traders who participate in the market. Russian crude tha...
Iranian crude has been slashed for Chinese buyers in an effort to entice interest from independent oil refiners, which have reduced operating rates to stem losses from weaker margins. Prices for Iranian Light for July arrival were offered at a discount of more than $1 a barrel to ICE Brent benchmarks, compared with a premium last month, said traders who participate in the market. Russian crude that is shipped from the country’s far east has also been lowered, they added. China’s independent refiners, known as teapots, are the biggest buyers of Iran’s crude but they have faced mounting economic pressure as razor-thin margins pushed deeper into the red. Beijing had instructed the processors to make fuels at all costs to help cushion the impact from the conflict in the Middle East, though that mandate is set to be relaxed after their losses increased. Flows of Iranian oil to China fell to 1.1 million barrels a day in May, the lowest since January 2025, according to data from Kpler Ltd. There’s currently close to 56 million barrels of the nation’s crude idling on vessels globally, with over 60% of the ships anchored in the Singapore Strait and off China, the data shows. Chinese independent refiners typically account for about 90% of Iran’s oil sales, but the US has ramped up sanctions on the trade in an effort to force Tehran into a peace deal. Giant independent refiner Hengli Petrochemical (Dalian) Refinery Co. was the most recent entity targeted by Washington. Read More: China Crude Buying Seen Languishing for Months as Demand Tumbles Separately, prices for Russia’s flagship ESPO crude have been reduced to a premium of $3 to ICE Brent due to lackluster buying interest from Chinese teapots, down from a $6 premium last month, the traders said. They asked not to be named because the information is not public.