Wednesday, 08 November 2006 16:43
South Korea’s LNG market opens up to competition
The government realizes that LNG market deregulation and third-party access to LNG terminals and transmission lines is inevitable
The cooperation between Kogas and Vopak sits well within Kogas’s strategy to expand its LNG terminal business overseas
David Hayes, Seoul
South Korean government plans to reorganize the LNG import industry are expected to result in a far-reaching restructuring of the domestic wholesale natural gas market and an increased demand for LNG.
A number of large LNG consumers already have formed two new consortia to import their own LNG in future, while waiting for the government to announce detailed plans to create the new import market.
The cooperation between Kogas and Vopak sits well within Kogas’s strategy to expand its LNG terminal business overseas
David Hayes, Seoul
South Korean government plans to reorganize the LNG import industry are expected to result in a far-reaching restructuring of the domestic wholesale natural gas market and an increased demand for LNG.
A number of large LNG consumers already have formed two new consortia to import their own LNG in future, while waiting for the government to announce detailed plans to create the new import market.
Published in
April 2006
