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Can LNG displace coal in Japan and South Korea?


Can LNG displace coal in Japan and South Korea?

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?

This report includes 1 file(s)

  • Can LNG displace coal in Japan and South Korea? PDF - 566.18 KB 7 Pages, 0 Tables, 5 Figures

Description

This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

We provide detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • 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

In this report there are 5 tables or charts, including:

  • Fuel taxes: South Korean taxes favour coal over gas
    • Fuel taxes by type
  • Carbon taxes: South Korea's emissions trading off to a tepid start
    • Screening curves with a carbon price
  • 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
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