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http://dx.doi.org/10.7842/kigas.2021.25.1.30

Assesment of Domestic Import Risk for Liquefied Natural Gas in Korea  

Yu, Hyejin (Bio Friends Inc.)
Oh, Keun-Yeob (Dept. of International Trade, Chungnam National University)
Cho, Wonjun (Bio Friends Inc.)
Lim, Oktaeck (Dept. of Mechanical Engineering, Ulsan University)
Publication Information
Journal of the Korean Institute of Gas / v.25, no.1, 2021 , pp. 30-39 More about this Journal
Abstract
Natural gas is globally emerging as an important energy source for environmental, political and regional reasons. In Korea, natural gas imported from oversea natural gas resources as a LNG, it is increased for an applications as a fuel and feedstock which replace the coal and nuclear energy. Because it is relied on the import market in Korea, it is very important to analyze the security for supply. Therefore, this study suggested a method for reducing supply risk and for providing stable supply and demand through risk analysis of Korea's import structure. In order to reduce the supply risk, the concentration of importing countries should be lowered and it is necessary to lower the proportion of countries with relatively low GSSI and increase the imports from Russia. Finally increasing the number of importing countries or maintaining friendly relations with countries where the supply is stable could give us the positive impact in terms of total GSSI.
Keywords
natural gas; LNG; import risk; gas supply security index(GSSI); small scale LNG (ssLNG);
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