Insight
Can LNG displace coal in Japan and South Korea?
This report is currently unavailable
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?
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:
- Fuel taxes by type
- Screening curves with a carbon price
Other reports you may be interested in
Insight
2020 Wood Mackenzie Japan Gas Series - presentations and recordings
Presentations and recordings from the 2020 Japan Gas Series, held virtually on 23-25 June 2020 are now available for download.
$1,050
Commodity Market Report
Global thermal short-term outlook January 2024
2023 breaks global coal demand record though more price easing on the horizon
$5,000
Commodity Market Report
Global steel markets short-term outlook February 2024
Weakness in Chinese markets drags on; recovery to pick pace from Q2
$5,000
