South Korea’s energy policy change and the implications for its LNG imports

The new energy policy of Moon Jae-In’s administration aims to swing radically from coal and nuclear towards renewables and LNG for power generation. During the last 12 months the priority given to the expansion of renewable energy has been overwhelming and the support for the expansion of gas not as strong as many observers had expected. This paper aims at examining the characteristics of this new energy policy and its implications for the gas industry, in particular the expansion of LNG imports