LNG

Coal plant shutdown boosts Korean LNG demand

South Korea’s LNG imports increased by nearly 40% year on year in June 2017, which is uncharacteristically high for the time of year South Korea’s LNG imports increased by nearly 40% year on year in June 2017, which is uncharacteristically high for the time of year.
By Andrew Walker 3 August 2017 0 27039

South Korea’s LNG imports increased by nearly 40% year on year in June 2017. Imports were uncharacteristically high for the time of year, when demand for the fuel for heating is low. The increase can be attributed to the shutdown of eight coal-fired power plants, with a combined capacity of 2.7 GW, in a bid to minimise dust pollution. South Korea’s President Moon Jae-in announced the shutdown in May, leaving little time for power generators to make alternative arrangements...