Abstract

Liquefied natural gas (LNG) is becoming a key energy source in this era of energy transition. LNG demand is expected to continuously increase, especially for use in power generation. This study predicts the generation of power and the LNG demand for power generation during 2017~2030, based on the 8th Basic Plan for Power Supply and Demand using the power simulation forecasting model M-Core. As a result of the analysis, it is expected that the demand for LNG for power generation in 2031 will reach 13.2 million tons under the economic supply scenario and 17.2 million tons under the environmental supply scenario. When uncertainties such as delayed completion of new plant construction and declining utilization rate of nuclear power plants are reflected, the demand is predicted to increase by 123-232 thousand tons.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.