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Can LNG displace coal in Japan and South Korea?

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Report summary

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?

What's included

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    Can LNG displace coal in Japan and South Korea?

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Table of contents

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

Tables and charts

This report includes 2 images and tables including:

Images

  • Fuel taxes by type
  • Screening curves with a carbon price

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