South Korea Liquefied Natural Gas (LNG) Market Analysis Capacity by company, Capacity by location, Production by Company, Operating Efficiency, Capacity by Process, Capacity by Technology, Demand & Supply Gap, Demand by sales channel, Demand by End Use, Demand by Region, Company share, Foreign Trade, 2015-2030

Format: Online | Last Updated: Apr 2021

[Online Quarterly Update]South Korea LNG market observed a notable growth in the historical years and is expected to reach a CAGR of around 5.9% during the forecast period. South Korea LNG market is majorly driven by the energy sector as LNG accounts for nearly 14% in the country’s primary energy consumption. Following its appreciable usage for the electricity generation, it is utilized as an alternative fuel to keep the house warm during the winter season in South Korea. Korean Gas Corporation (KOGAS) is the largest player of LNG in South Korea, which consolidates around 94% of the total domestic market share. The major exporter of the LNG to the country are Qatar, Oman, Indonesia, Malaysia, Russia, Australia, etc. Key terminals of LNG in the South Korean region are Gwangyang, Incheon, Pyeong-Taek, Samcheok, Tong-Yeong etc.  
Under this subscription you would be able to access South Korea LNG market demand and supply analysis on a cloud-based platform for one year. The data is updated on near real time basis to add any new movement in the industry including but not limited to new plant announcement, plant shutdowns, temporary disruptions in demand or supply, news and deals and much more specific to LNG. 
Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030


Installed Capacity By Company
Installed capacity within the country along with individual capacity of leading players
Installed Capacity By Location
Installed capacity at several locations across the country
Installed Capacity By Process
Installed capacity by different processes
Installed Capacity By Technology
Installed capacity by different technologies being used to produce LNG
Production By Company
Actual production done by different companies
Operating Efficiency By Company
Operating efficiency at which different companies are operating their plants
Demand By End USe
Demand/Sale of LNG by different end uses across the country
Demand By Region
Demand/Sale of LNG in different regions of the country
Demand By Sales Channel
Demand of LNG by different sales channel across the country.
Foreign Trade Country wise
Foreign trade by each country
Demand & Supply Gap
Demand & Supply Gap at country level
Company Share
Revenue shares of leading players in the country
To extract data for South Korea LNG market, ChemAnalyst team conducts primary research surveys with LNG manufacturers, suppliers, distributors, wholesalers, and customers followed by exhaustive secondary research to cross validate the information being collected through primary research surveys.
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Frequently Asked Questions (FAQ):

Which sector holds the majority share of South Korea’s LNG demand in terms of consumption?

Power sector holds the majority share of LNG, in terms of consumption in South Korea.

What are the major end-user industries, by application of LNG in the South Korean market?

LNG is mainly used for power generation, followed by its utilization as an alternative fuel for Industrial and Household applications.

Which countries are the largest suppliers of LNG to South Korea?

Qatar, Oman, Indonesia, Malaysia, and Russia are the major suppliers of LNG to South Korea.

How has the South Korean industry behaved post the coronavirus restrictions were lifted from the South Korean LNG Market? 

Towards the end of 2020, the Korean LNG industry was heard dealing with reduced inventory levels and dented supplies. Imports remained affected due to the unavailability of shipping container and surge in freight rates. Congestion in the Panama Canal further impacted the trade flows. 


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Liquefied Natural Gas (LNG)