South Korea’s nuclear phase-out to boost gas demand

The South Korean president’s call to phase out nuclear power in favour of LNG and renewables will boost the country’s gas demand in the long term
By Andrew Walker 26 June 2017
The control room at South Korea’s Shin-Wolsong nuclear power plant. (KHNP)

South Korea’s plans to phase out nuclear power from the country’s energy mix will lead to greater demand for gas over the long term, experts have told Interfax Natural Gas Daily.

President Moon Jae-in announced plans for the phase-out on 19 June. Keun Wook Paik, senior research fellow at the Oxford Institute for Energy Studies, told Interfax Natural Gas Daily that this would mean not only that none of the reactors planned by South Korea’s previous administration will be built, but also that none...

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