Insight
Can LNG displace coal in Japan and South Korea?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- Fuel taxes by type
- Screening curves with a carbon price
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