IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Supply and Demand Trends and Plans for Natural Gas in South Korea

Listed author(s):
  • An Tae-Hoon

    (The Institute of Energy Economics, Japan)

Registered author(s):

    South Korea, which imported around 26 million tons of LNG (Liquefied Natural Gas) in 2007, is the worlds second largest LNG importing country after Japan. It has recently experienced a tight supply and demand of natural gas due to both domestic and overseas issues, such as the domestic consumption pattern concentrated in winter, the delay of concluding long-term contracts caused by domestic gas industry restructuring, and rapidly increasing global LNG demand. Meanwhile, both Japan and South Korea, which are close in geographical and cultural terms, also share many similarities in natural gas industries. For example, both countries depend on imports for the majority of their natural gas supply, the total amount of natural gas is imported in the form of LNG, the import volume by spot contract is increasing in order to make up shortfall in winter, and so on. To cope with the LNG market circumstance positively, both countries have recently developed their bilateral business relationship more closely, with the introduction of cargo swapping between their gas and electric power companies. In this report, natural gas supply and demand trends as well as future plans concerning gas industry in South Korea are examined based on the background of South Koreas natural gas demand pattern.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by East Asian Bureau of Economic Research in its series Energy Working Papers with number 22967.

    in new window

    Date of creation: Jan 2009
    Handle: RePEc:eab:energy:22967
    Contact details of provider: Postal:
    JG Crawford Building #13, Asia Pacific School of Economics and Government, Australian National University, ACT 0200

    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eab:energy:22967. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shiro Armstrong)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.