Commodity Market Report
South Korea LNG market report
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
South Korea LNG imports dropped in 2023. LNG demand will continue to drop till 2026 but will remain resilient through the 2030s as LNG plays a critical transitional role in the power sector. Longer-term LNG demand will gradually decline as the energy transition takes a firmer hold. What are the key drivers of the demand trend? How will coal, nuclear and renewables impact gas power demand? South Korea's energy policy is evolving amid political leadership change. What are the existing policy targets? What will be the enablers and constraints in policy implementation? As legacy long-term contracts expire from the mid-2020s, we expect South Korean buyers to be in the market for new deals, both short term and long term. What are the latest activities and pricing trends? Read more on our in-depth analysis of South Korea's LNG market, including: • LNG market outlook • LNG Infrastructure • LNG contracts and pricing • Policy and market structure
Table of contents
- Inter-fuel competition in the power sector, energy transition commitments and a mature economy are the primary drivers of South Korea’s LNG demand outlook
- South Korea’s energy policy is evolving amid political leadership change, which has remained supportive of gas and LNG till 2030
- KOGAS still dominates the country’s LNG infrastructure, while third-party access to infrastructure has improved
- As long-term contracts expire from mid-2020s, Korean buyers are looking to sign new term contracts as LNG supply security remains a primary concern for South Korea in the absence of other gas supply options
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
ZLNG (Petronas FLNG 3) - Commercial Overview
Petronas FLNG 3, or ZLNG, is an under-construction floating facility in the Sabah region. It would be Petronas's third offshore ...
$2,700
Asset Report
Denggao Xingren aluminium smelter
A detailed analysis of the Denggao Xingren smelter.
$2,250
Asset Report
Weiqiao Hongtai aluminium smelter
A detailed analysis of the Weiqiao Hongtai aluminium smelter.
$2,250
