Tuesday, 4 September 2018

Coal loses cost advantage over LNG in South Korean power market

One of Kogas' new LNG import and regas facilities in South Korea One of Kogas' new LNG import and regas facilities in South Korea

As the difference in fuel cost between coal and LNG narrows, South Korean electric utilities increasingly opt for cleaner-burning natural gas. In H1-2018, about 41% of the country’s electricity came from coal, 28.8% from LNG and 21.5% from nuclear, according to the Korean government’s Electric Power Statistics Information System (EPSIS).

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