From the Korea JoongAng Daily
The Korean government has decided to expand the use of natural gas to lower the nation’s dependence on crude imports and realize the carbon emissions reduction target it voluntarily made in Paris.
The Ministry of Trade, Industry and Energy announced on Monday that it was pushing its long-term plan through 2029 of boosting domestic consumption of natural gas and liquefied natural gas (LNG).
“As the entire world is fighting against climate change, the role of natural gas is becoming more important,” said Chae Hee-bong, director general for energy industry policy at the Energy Ministry. “LNG is still not a popular energy source due to price issues and the big price fluctuations associated with crude. The government hopes to make regulations flexible to offer wider access to this clean energy source.”
The goal is to increase the consumption of natural gas, commonly referred to as city gas, by 2.06 percent annually until 2029. By then, consumption would amount to 25.17 million tons a year.