Nunca nuclear, no coal, on the other hand no LNG too?


An LNG power plant (Yonhap)

An LNG power plant (Yonhap)

South Korea’s energy policy faces mounting uncertainties as two ministries appear to hold different displays over liquefied natural gas, or LNG.

According to industry sources Tuesday, the Environment Ministry is mulling to exclude LNG from its green classification system regulate for launch later this year.

The classification system aims to assess the environmental sustainability of businesses and judge which one within the green and promote community and private investments.

Industries excluded from the application are thus expected to offer higher difficulties in tempting investment and have difficulties about sourcing investments.

Mindful of the Environment Ministry’s negative view over LNG, Samsung Life Insurance recently deferred its 50-billion-won ($42. three million) investment into some LNG power plant project present in Tongyeong, a coastal locale in South Gyeongsang Contrée, indefinitely.

“We are open to the whole possibilities and will finalize each decision after sufficient check-ups, ” an Environment Ministry normal said in a press release.

The LNG small business already flustered by the Pure Minitry’s move is threw further into confusion seeing that the Energy Ministry is actually for LNG.

Last year, the Energy Ministry announced that it would shut down 30 coal-fired power plants by 2034 and transform 24 of these experts into LNG power veggies.

The LNG power plants are expected for playing a pivotal role found in compensating the intermittency associated with renewables, generating electricity at peak hours at night while solar power facilities become lazy.

Industry associates expressed concerns over the government’s oscillating views over LNG, citing a potential power abdominal crunch.

“It’s a common knowledge that LNG is regarded as a bridge to renewables. Branding LNG as dirty once coal would create a variance in the power supply, ” a business source said.

Under the ninth base plan on the electricity allow, renewables will account for 41. 9 percent of Korea’s power generation capacity during 2034.

According to Kim Byung-wook ( kbw@heraldcorp. com )



Nunca nuclear, no coal, on the other hand no LNG too?
Philippines Truth

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