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Policy & Regulation

South Korean winter coal ban could boost spot LNG prices

A tentative proposal by South Korea to shutter many of its coal-fired power plants this winter could support Asian spot LNG prices during what is traditionally the region’s busiest season A tentative proposal by South Korea to shutter many of its coal-fired power plants this winter could support Asian spot LNG prices during what is traditionally the region’s busiest season.
By Colin Shek 23 September 2019 Asia Pacific / Supply & Demand 0 34609
The Tongyeong LNG terminal in South Korea. (Kogas)

South Korea is considering mothballing 14 of its coal-fired power stations this winter, according to a proposal to be submitted to the government in early October. If the proposal is approved, the country would need to buy more LNG.

The proposal is intended to curb fine particulate matter emissions during winter, when air pollution in mainland China and the Korean peninsula spikes as a result of a combination of the greater use of coal and unfavourable weather conditions.

The proposal came from the National...