Natural Gas Supply Security in Korea

Insights from the 2022 Gas Supply Shock

Cover Of Natural Gas Supply Security In Korea Lpg Or Lng Gas Carrier Ship Anchored On Outer Anchorage Shutterstock 1022509699

About this report

This report was commissioned by the Korea Energy Economics Institute (KEEI) and carried out jointly by the International Energy Agency (IEA) and the KEEI. The objective of the study was to provide high-level policy recommendations on natural gas security of supply in Korea, particularly within the context of the global gas supply shock that emerged in 2022. The report covers an analysis of the natural gas supply shock in question, a detailed review of the Korean natural gas market and recommendations applicable to the Korean market.