South Korea replacing coal-fired power plants with LNG units

South Korea has permanently closed two of its oldest coal-fired power plants to replace them with new LNG units, as part of a move to slash emissions.

The country’s Ministry of Trade, Industry and Energy said in a statement that the first and second unit at the Honam coal-fired power plant in Yeosu have stopped operations on January 1.

According to MOTIE, the two plants had provided electricity since 1973.

The site of the two units would be transformed into an environmentally-friendly power complex that would feature two LNG-fired power plants and a hydrogen fuel cell power plant, the ministry said.

The move is part of the government’s plan to phase out 10 aging coal power facilities and convert part of them into LNG-fired plants to reduce coal use.

South Korean refiner Hyundai Oilbank also recently revealed plans to build a power plant fueled by both LNG and blue hydrogen as it looks to slash emissions.

The unit would generate 230 tons of steam per hour and 290 MW of electricity and the firm plans to start commercial operations in 2025.

South Korean LNG importing giant Kogas said in October it would supply 320,000 tons of natural gas to Hyundai E&F and the Daesan LNG combined heat and power plant for nine years from 2026.

South Korea is one of the world’s largest LNG importers. Kogas recently said the company’s November gas sales rose almost 11 percent, continuing its monthly year-on-year rise during the entire year.

- Advertisements -

Most Popular

LNG tanker suffers rudder failure in Suez Canal

NYK's 2021-built LNG carrier Grace Emilia suffered a malfunction of its rudder in the Suez Canal on Wednesday, but...

Samsung Heavy to build LNG carrier duo for about $496 million

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build two liquefied natural gas (LNG)...

RWE says Brunsbuettel FSRU to receive first LNG carrier in early February

The 170,000-cbm FSRU Hoegh Gannet, which serves the Elbehafen LNG import terminal in Germany's Brunsbuettel, will receive its first...

More News Like This

South Korea’s Kogas gets 5000th cargo at Pyeongtaek LNG import terminal

South Korean LNG importing giant Kogas said it had received the 5000th cargo at its Pyeongtaek LNG import terminal...

South Korea’s Kogas boosts December sales

South Korean LNG importing giant Kogas reported higher gas sales in December when compared to the same month a...

South Korea’s Kogas reports lower sales in November

South Korean LNG importing giant Kogas reported lower gas sales in November when compared to the same month a...

Kogas’ sales in September almost flat

South Korean LNG importing giant Kogas reported almost flat gas sales in September when compared to the same month...