South Korea Energy Information
2019 South Korea Key Figures
GDP growth rate: 1.95 %/year
Energy independence: 21.7%
* at purchasing power parity
CO2 Emissions: 12.5 tCO2/capita
Rate of T&D power losses: 3.48%
South Korea Related News
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South Korea Related Research
Total Energy Consumption
Total per capita energy consumption reached 5.7 toe in 2019 (compared to about 3.1 toe for the European Union), including 10 700 kWh of electricity.
Total energy consumption increased steadily over 2000-2018, with an average growth of 2.6%/year and declined slightly to 298 Mtoe in 2019.
Oil covers 36% of the energy needs (slightly down from 37% in 2010), coal 26%, gas 16% (slightly up from 15% in 2010), nuclear 13%, and biomass 8%.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Interactive Chart South Korea Total Energy Consumption
Crude Oil Production
Korea depends on imports to meet its entire oil demand. Thanks to the increase in its refining capacities, Korea has been a net exporter of oil products since 1997. In 2019, net oil product exports stood at around 26 Mt and net crude oil imports were 145 Mt.
Korea depends on the Middle East for most of its crude oil imports, but aims for greater import supply diversification.
The refining capacity nearly quadrupled between 1990 and 2015, and has remained stable since then (3.1 mb/d end of 2019).
Interactive Chart South Korea Crude Oil Production
Oil Products Consumption
Oil consumption has been declining slightly since 2017 (102 Mt in 2019). It had increased strongly over 2014-2016 (7%/year), following relative stability over 2000-2014.
Because of significant consumption of oil for non-energy uses, industry represents over half of the oil demand, while transport accounts for one third.
Graph: OIL CONSUMPTION (Mt)
Graph: OIL CONSUMPTION BREAKDOWN BY SECTOR (2019, %)
Interactive Chart South Korea Refined Oil Products Production
Natural Gas Consumption
Gas demand has been fluctuating in recent years. It contracted in 2014 and 2015 due to some nuclear restarts, recovered over 2015-2018, and declined in 2019 to 55 bcm. It increased rapidly over 2000-2013 (8%/year).
In 2019, 52% of the natural gas was used in power plants, 28% in buildings, and 16% in the industrial sector.
Graph: NATURAL GAS CONSUMPTION (bcm)
Graph: GAS CONSUMPTION BREAKDOWN BY SECTOR (2019, %)
Interactive Chart South Korea Natural Gas Domestic Consumption
Coal consumption has increased moderately since 2010 (+10%) and decreased in 2019 to 132 Mt. It increased rapidly over 2000-2010, from 72 Mt to 120 Mt.
Power plants accounted for 72% of coal consumption in 2019 and industry for 20%.
Graph: COAL CONSUMPTION (Mt)
Graph: COAL CONSUMPTION BREAKDOWN BY SECTOR (2019, %)
Interactive Chart South Korea Coal and Lignite Domestic Consumption
Electricity consumption increased steadily by over 4.3%/year between 2000 and 2018 and decreased by 1.2% in 2019 to 553 TWh.
Industry absorbs half of the electricity consumption, services 31% and households 13%.
Graph: ELECTRICITY CONSUMPTION (TWh)
Graph: ELECTRICITY CONSUMPTION BREAKDOWN BY SECTOR (2019, %)
Renewable in % Electricity Production
KEA supports and promotes renewable energies.
As part of its "Renewable Energy 30-20" plan, MOTIE aims to accelerate the development of renewables, targeting a 20% share in the electricity mix in 2030. MOTIE plans to add 49 GW of renewables by 2030, with 20 GW from households, small businesses and in rural areas, and 29 GW in large-scale projects. In the Third Energy Master Plan, the objective is to raise the share of renewables to 30-35% of the power mix by 2040.
Interactive Chart South Korea Share of Renewables in Electricity Production (incl hydro)
CO2 Fuel Combustion/CO2 Emissions
In its first NDC, South Korea aims to reduce total GHG emissions by 37% from BAU level by 2030 (excluding LULUCF). Emissions in BAU are forecasted to reach 850 MtCO2 in 2030. The latest allocation plan published in 2018 reduces the scope for international offsets, increasing the share of domestic mitigation necessary to reach the NDC target.
CO2 emissions from fuel combustion increased between 2000 and 2018 (2.3%/year), but declined in 2019 (-3.6%) to 650 MtCO2 (roughly 2.7 times the 1990 level).
Graph: CO2-ENERGY EMISSIONS (MtCO2)
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