Asia Pacific Consumption
May 2018
South Korean gas demand has seen continued growth, but this trend is not expected to persist.
High power sector consumption is continuing to boost South Korea’s demand for gas. Demand rose by around 15% year on year in Q1 and by approximately 21% on an annual basis in April, according to GGA estimates. Gas consumption is set to continue to grow over the coming weeks. South Korea’s older coal-fired power plants are offline and will remain shuttered until the end of June as part of government...