Platou: South Korean nuclear uncertainty could help LNG

A temporary shutdown and investigation of two nuclear reactors in South Korea could ultimately mean a daily rate increase of USD 4,000 on average for LNG sailing, writes RS Platou Markets.

Photo: Hanjin

The closure of two South Korean nuclear reactors could result in a general rate increase for LNG sailing, writes Platou.

Two South Korean nuclear reactors have been closed since Monday due to an investigation of falsified security certifications and the use of unauthorized spare parts. The country gets approximately 30 percent of its energy from 23 nuclear reactors, and the government has warned about a lack of power from shutting down the reactors during the winter, where demand is at its highest.

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