IEEFA report warns of overinvestment risks in South Korea’s LNG infrastructure expansion ...Middle East

A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. As informed, IEEFA estimates the country’s LNG industry is pouring ₩11.3 trillion (US$8.7 billion) into an infrastructure build-out that has projects at the construction or planning stage to boost receiving capacity for the fossil fuel. Our analysis demonstrates a growing mismatch between LNG import infrastructure and projected LNG demand based on the country’s net-zero goal. ..says Michelle Chaewon Kim, the report author and an Energy Finance Sp

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