Commodity Market Report
South Korea product markets long-term outlook H2 2019
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Report summary
South Korea was surplus total products supply versus demand in 2018. By 2040, South Korea will remain surplus in diesel/gasoil, jet/kerosene, gasoline and fuel oil, and deficit in LPG and naphtha. Driven by the petrochemicals sector, South Korea's oil products demand has grown over 400 kb/d from 2010 to 2019. As the growth in petrochemical feedstock diminishes in the long run while fuel efficiency continues to improve in transport and other sectors, total products demand is forecast to reach a peak after 2025 and then reduce gradually. Demand is expected to lower by 100 kb/d from 2019 to 2040.
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 6 images and tables including:
- Refineries in South Korea
- Refinery throughputs and utilisation
- Non-refinery supply by product
- Non-refinery supply by source
- Historical net product trade
- Product balances – all supply versus demand
What's included
This report contains:
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