Directional impact on forecast:
Bullish for South Korean LNG imports
South Korea is introducing new taxes that will increase the cost of coal and reduce the cost of gas and LNG in the power sector. However, the benefits of the tax changes will be mitigated by increased nuclear generation, which is expected to be higher in Q2 2019 than it was in Q2 2018. This will limit the use of thermal generation in the power sector over the coming months.
The government is lowering...