Policy & Regulation

Gas demand to ebb and flow in South Korea

South Korea’s new gas forecast sees the country’s demand for the fuel rising to 40 mtpa by 2031 following dips in demand in the middle of the next decade South Korea’s new gas forecast sees the country’s demand for the fuel rising to 40 mtpa by 2031 following dips in demand in the middle of the next decade.
By Andrew Walker 10 April 2018 0 30354
South Korea's Incheon LNG terminal. (Kogas)

Gas will play a growing role in South Korea’s energy mix over the coming decade, but its share will still be smaller than previously indicated by the country’s president, Moon Jae-in.

South Korea’s Ministry of Trade, Industry and Energy (MOTIE) released its 13th Long-term Natural Gas Supply and Demand Plan last week. The publication forecasts the country’s LNG imports will exceed 40 mtpa by 2031, an increase of about 4 mt from 2018. This is more than the volume stated in the previous...