Fuel oil imports by South Korean power producers have surged to 200,000 tonnes in March so far, up from 92,000 tonnes in February, according to a Reuters tender. Burning heavy fuel oil (HFO) produces more emissions than natural gas, but it is less carbon-intensive than coal and hence considered compliant with the government’s clean air policies. In February, South Korea’s trade ministry decided to suspend the operation of five coal power stations (2.32GW combined capacity), from March to June.
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