Commodity Market Report
South Korea product markets 2021 outlook to 2050
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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
South Korea was surplus total products supply 206,000 b/d versus demand in 2020. By 2050, South Korea surplus in diesel/gasoil, jet/kerosene, gasoline and fuel oil will have grown significantly and deficits for LPG and naphtha will have declined. From 2019 to 2040, we project South Korea’s oil demand to fall by over 400,000 b/d (or an annual average of less than 1%) of which over 300,000 b/d originates from the road transport sector. From 2040 to 2050, total demand declines by nearly 400,000 b/d, reaching 2.0 million b/d.
Table of contents
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Fuel quality specifications
- Gasoline
- Diesel/gasoil
- Fuel oil
- Refinery infrastructure and investments
- Refinery supply
- Non-refinery supply
Tables and charts
This report includes the following images and tables:
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Refineries in South KoreaRefinery Throughput and UtilisationNon-refinery supply by product
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Non-refinery supply by sourceHistoric Net Product TradeAll Supply Balances
What's included
This report contains:
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