Supply gap looms for South Korea

While buyers in Japan have been willing to make long-term purchase commitments in early 2006, Korea Gas Corp. (Kogas) and other private importers in Korea were still sitting on the sidelines. This hesitancy came as demand for LNG in the country increased rapidly and the winter supply gap was widening.Supply outlookConsumption in Korea has been rising at nearly 10%/year since 2000, reaching 23 million tonnes in 2005, while Kogas has been scrambling every year to fill the winter shortfall with expensive cargoes purchased on spot terms. There has been growing concern that Indonesia, Korea’s second largest supplier, would be unable to meet its contractual obligations over the next sever...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected