Name: Can LNG displace coal in Japan and South Korea?
Brand: Wood Mackenzie
SKU: 43710
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Author: Wood Mackenzie

Insight 06 January 2016

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Competition between coal and gas generation has not historically been a feature of Asian power markets. The wide differential between Asian coal and gas prices and the lack of flexibility in power markets has hindered large-scale fuel switching. The price differential has recently narrowed, and with looming gas oversupply likely to push Asian spot LNG prices down further, could the economic basis for coal-to-gas switching become a reality?</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Fuel taxes: South Korean taxes favour coal over gas
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<li class="list__item-toggle font-semibold">
        Carbon taxes: South Korea's emissions trading off to a tepid start
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<li class="list__item-toggle font-semibold">
        Power market: South Korean utilities compete on cost, while competition in Japan is limited
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<li class="list__item-toggle font-semibold">
        LNG procurement: Japanese companies self-procure, while most South Korean utilities rely on aggregator
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<li class="list__item-toggle font-semibold">
        Coal procurement: Japan utility procurement method more rigid than in South Korea
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        Conclusion
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