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Markets & Forecasts

Solar buildout bodes well for LNG in South Korea

The country's gas demand and LNG import needs continue to be uncertain, with volumes dependent on the expansion of renewable power capacity and, potentially, the price at which it can source gas The country's gas demand and LNG import needs continue to be uncertain, with volumes dependent on the expansion of renewable power capacity and, potentially, the price at which it can source gas.
By Sally Bogle 6 days ago Asia Pacific / Supply & Demand 0 34483
The Wolsong nuclear power plant in South Korea. (KHNP)

South Korea is likely to increase its use of imported gas in the coming decade to underpin the development of its burgeoning renewable power sector as it looks to phase out the use of coal and nuclear.

South Korea’s renewable installation plans look to be on track. The industry ministry reported this month that 1.6 GW of solar panels were installed in the first seven months of 2019. Total installed solar power capacity now stands at 9.5 GW, putting the country nearly one-third of the way...