Korea’s Current Long-Term Natural Gas Plan


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The Global America Business Institute (GABI) is hosting a roundtable on “Korea’s Current Long-Term Natural Gas Plan” on Friday, April 20th, 2018 from noon to 1:00 p.m. Lunch will be served.

The Republic of Korea (ROK, or South Korea) is presently the world’s third largest liquefied natural gas (LNG) market, and upon assuming office, President Moon Jae-In had stated his intention to increase the proportion of natural gas in Korea’s energy mix. The ROK Ministry of Trade, Industry, and Energy (MOTIE) recently released its 13th Long-term Natural Gas Supply Plan, covering the period between 2018 and 2031. The plan projects gas demand will increase to 40.5 million metric tons by 2031; the previous long-term plan had forecasted Korean gas demand to be approximately 35 million metric tons by 2029. Uncertainties remain in some of these projections—gas demand is expected to decrease before rising again in 2025 as a result of coal and nuclear additions, although in the long-run, it may increase more than anticipated should Korea fall short of its high renewable energy targets. How such developments unfold will have significant impacts on Korea’s future energy mix and by extension, its energy security, carbon emissions, and economic growth.

SPEAKER BIO

Dr. Ho-Mu LEE is Research Fellow at the Korea Energy Economics Institute (KEEI), a government-affiliated energy policy think tank. Dr. Lee has been worked at KEEI since 2008 and is currently a visiting scholar at George Washington University (2017-2018). Dr. Lee was head of KEEI’s Gas Policy Research Division from 2014 to 2017. He has led several research projects on Korea’s natural gas policies and infrastructure planning, which were commissioned by the Korean government, Korea Gas Corporation (KOGAS), Korea Gas Union, etc. He also advised the Korean government on various gas market policies and issues, including Korea’s biennial long-term natural gas supply plans. Dr. Lee has frequently been involved in regional and international fora related to natural gas as either a speaker or discussant. He was a full-time member of the Korean delegation to the negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) from 2010 to 2014. He received his M.S. and Ph.D. in Management Engineering from the Korea Advanced Institute of Science and Technology (KAIST).

If you have any questions about the roundtable, please contact GABI Director of Programs and Communications, Mr. Alan Ahn, at alanahn (at) thegabi.com.

Location

1001 Connecticut 2nd Floor Conference Room
1001 Connecticut Avenue NW, Suite 230
Washington DC 20036

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