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Coal-securing strategy of major Asian coal importers and the countermeasures of South Korea

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Frame of Image increase in coal consumption slowed down, the
absolute volume of coal consumed is estimated to rise. - According to the business-as-usual projection from the Second Energy Master Plan, Korea’s coal demand will rise at an annual average of 1.92% by 2020, and then 0.83% until 20351). - Specifically, Korea's coal consumption including anthracite consumption will rise with 156 million tons(“mt”) in 2020 and 177mt in 2035, increasing from 130mt in 2013. - This implies that Korea's import demand of coal will increase over 48mt in 2035 compared to the present, considering its domestic anthracite production reaching 1.8mt coal power plants is estimated to grow by 43.7GW in 2019, reaching 2021년 44.7GW - As the capacity of bituminous coal facilities in 2013(23.4GW) grew by
○ Meanwhile, according to the Sixth Energy Master Plan, the capacity of
1) It is expected that primary energy consumption will increase 2.09% and 0.86%, respectively, which are slightly higher than an increase in coal consumption. However, the ratio of coal in primary energy is estimated to remain at around 29%(MOTIE, 2014.1).
Korea Energy Economics Institute 1
more than 20GW, it is expected that bituminous coal consumption will increase to 126mt in 2019, compared to 80mt in 2013. - This projection is 20mt higher than the estimation of the Energy Master Plan.
□ The growth of global coal demand and import is likely to be driven
b y the Asian region
○
○ The growth of coal consumption in Asia region leads to an increase


Full Text
Title Coal-securing strategy of major Asian coal importers and the countermeasures of South Korea
Similar Titles
Material Type Reports
Author(English)

Kwon, Hyuk Soo; Hong, Seung Hye

Publisher

Ulsan:Korea Energy Economics Institute

Date 2015-02
Series Title; No Policy Issue Paper / 14-14
Pages 32
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Holding Korea Energy Economics Institute