Seoul Downplays LNG Supply Risks After Qatar Plant Damage
South Korea reports stable gas supplies despite damage to Qatari facilities. Officials will boost nuclear and coal power to offset any potential shortages.
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South Korea government officials stated on Friday that while recent attacks on energy infrastructure in Qatar have introduced market uncertainty, the nation's liquefied natural gas (LNG) supply remains secure due to the availability of alternative sources. State-owned QatarEnergy announced it would declare force majeure on long-term contracts for up to five years, a move expected to impact deliveries to Italy, Belgium, South Korea, and China after Iranian strikes disabled approximately 17% of Qatar's LNG export capacity.
