Natural gas
South Korea is the second-largest importer of liquefied natural gas in the world behind Japan.
South Korea relies on imports to satisfy nearly all of its natural gas consumption, which has nearly doubled over the previous decade. While the country possessed discovered proven reserves of 203 billion cubic feet (Bcf) as of January 2014, according to OGJ, domestic gas production is negligible and accounts for less than 2% of total consumption. South Korea does not have any international gas pipeline connections and must therefore import all gas via LNG tankers. As a result, although South Korea is not among the group of top gas-consuming nations, it is the second-largest importer of LNG in the world after Japan.