Cheong Wa Dae said Friday that Korea’s natural gas supply remains stable despite rising concerns over potential disruptions to Qatari liquefied natural gas (LNG) imports due to heightened geopolitical tensions in the Middle East. In a press notice, the presidential office said LNG imports from Qatar account for about 14 percent of the country’s total this year, adding that alternative sources are available to ensure stable supply. “There are no issues with gas supply,” it said. According to the Ministry of Trade, Industry and Resources, some replacement volumes have already been secured, with additional long-term supplies arranged from the United States, Southeast Asia and Australia. The ministry also assured that it has sufficient stockpiling capacity, noting that while the legally mandated reserve is about nine days’ worth, actual holdings far exceed that level. The remarks came after QatarEnergy, the state-run energy firm, warned it could declare force majeure on long-term supply contracts with countries including Korea following attacks on major LNG facilities. Force majeure
Korea says LNG supply stable despite Middle East risks
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