Despite South Korea’s plan to boost the use of nuclear energy in the country’s power generation mix by 2030, LNG will continue to play an important role in the government’s new energy strategy. 

President Yoon Suk-yeol was elected in March and is a strong supporter of nuclear energy. He plans to reduce the country’s dependence on coal, natural gas and oil imports to 60% by 2030, compared with 81.8% in 2021. Nuclear energy in the country’s power mix would rise to 30% by 2030, up from 27.1% in 2021. 

“With the global push for carbon neutrality, the escalation of Russia-Ukraine conflict and global energy supply chain uncertainties, energy security and attaining carbon-neutral goals are more critical than ever,” Korea’s Ministry of Trade, Industry and Energy (MOTIE) said...