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South Korea energy profile: heavily dependent on imports - analysis

Gas,Oil
 

South Korea was the world’s ninth-largest energy consumer in 2015, according to estimates from the BP Statistical Review of World Energy 2016.1 Because South Korea lacks domestic energy reserves, it is one of the top energy importers in the world and relies on imports for about 98% of its fossil fuel consumption. South Korea ranks among the world’s top five importers of liquefied natural gas, coal, crude oil, and refined products.2 South Korea has no international oil or natural gas pipelines and relies exclusively on tanker shipments of LNG and crude oil.

 

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