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South Korea coal shutdown offers winter LNG demand boost
The suspension of up to 15 of the country’s coal power plants will create an opening for gas-fired generation The suspension of up to 15 of the country’s coal power plants will create an opening for gas-fired generation.
28 November 2019
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The government of South Korea has confirmed it will mothball up to one-quarter of its coal-fired power stations – the bedrock of the country’s electricity supply – in an effort to control air pollution this winter. The shutdown is likely to boost Korean gas demand considerably and offer some support for incremental LNG imports.
The Korean government will idle 8-15 coal power plants from the start of December to the end of February, while the utilisation of the remaining facilities will be capped at 80% depending...
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