Gavin Maguire or Reuters reports that South Korea’s emphasis on Nuclear is a key strategic shift by the world’s third-largest buyer of liquefied natural gas (LNG) and fourth-largest importer of thermal coal. He writes:
South Korea generated more electricity from nuclear reactors than from coal and natural gas for the first time during the opening half of 2024, and plans to add four more nuclear plants to its power fleet by 2038.
The heavy nuclear emphasis marks a key strategic shift by the world’s third-largest buyer of liquefied natural gas (LNG) and fourth-largest importer of thermal coal, and may lead to reduced purchases of fossil fuels for power going forward. […]
That has helped Korean firms establish themselves as global leaders in the nuclear construction space.
KHNP was also involved in the successful completion of the United Arab Emirates’ first nuclear plant, the 5,600 MW-capacity Barakah project. […]
But if South Korean firms can build on their recent successes and help steer the country’s clean energy supply levels steadily higher, international energy system planners are likely to take note.
Read more here.
