Sectors

Regions

Sections

Forecasts & Analysis

Market commentary

Reference & Archive

Global Markets

South Korea’s nuclear output increases

South Korea’s nuclear output is rising as the country brings more of its reactors back online, lowering its demand for gas South Korea’s nuclear output is rising as the country brings more of its reactors back online, lowering its demand for gas.
By Catriona Scott 24 July 2018 0 31881
South Korea's Pyeongtaek LNG terminal (Kogas).jpg

Directional impact on forecast:
Bearish for spot LNG prices

Just seven of South Korea’s 24 nuclear reactors remain offline after more facilities returned to service recently following routine maintenance.

Up to 11 reactors were offline during Q2, meaning demand for gas from the country’s power sector is set to ease as its nuclear output increases.

A severe heatwave has pushed temperatures to record highs in parts of Northeast Asia – including South Korea, where some areas have...