S. Korea says attack on Qatar LNG plant unlikely to cause supply disruption | Yonhap News Agency

## Summary
OK By Kim Eun-jung SEOUL, March 20 (Yonhap) -- An attack by Iran on the world's largest liquefied natural gas (LNG) complex in Qatar is unlikely to cause a supply disruption for South Korea because the nation has alternative sources of gas, a senior official at Cheong Wa Dae said Friday. Much of its naphtha imports are transported through the Strait of Hormuz, a vital shipping route effectively closed amid escalating tensions involving Iran. "The government will implement export control measures to minimize the outflow of naphtha," the official said. "We are also considering additional steps necessary to stabilize the industrial supply chain." Cheong Wa Dae is seen in this undated file photo. (Yonhap) ejkim@yna.co.kr (END) Related Articles Gov't cooperating with shipbuilders to prevent disruption in ethylene supplies Gov't to temporarily designate naphtha as economic security item amid supply woes (LEAD) Industry minister says fuel price cap system already showing price stabilization effect Keywords #Mideast crisis #naphtha Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Most Saved (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 16th Gwangju Biennale: You must change your life Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees (2nd LD) N. Korea says attack on Qatar LNG plant unlikely to cause supply disruption Next S. Korea says attack on Qatar LNG plant unlikely to cause supply disruption

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OK
By Kim Eun-jung
SEOUL, March 20 (Yonhap) -- An attack by Iran on the world's largest liquefied natural gas (LNG) complex in Qatar is unlikely to cause a supply disruption for South Korea because the nation has alternative sources of gas, a senior official at Cheong Wa Dae said Friday.
The official made the remarks as global energy prices jumped after Iran attacked the LNG complex in Qatar, with a chief executive of QatarEnergy reportedly warning of potential force majeure on long-term LNG contracts with countries, including South Korea.
This year, Qatari LNG accounts for about 14 percent of the country's total imports, according to the official.
"The proportion of Qatari (LNG imports) is not as high as 14 percent this year, and there is no problem in supply of gas because there are alternative sources of imports," the official said.
However, the official said South Korea will closely monitor any disruption of global energy supplies caused by a prolonged war in the Middle East.
Also, South Korea is considering additional measures to stabilize the supply chain of key materials critical to the petrochemical industry, the official said.
South Korea faces shortages of naphtha, a key feedstock for the petrochemical industry. Much of its naphtha imports are transported through the Strait of Hormuz, a vital shipping route effectively closed amid escalating tensions involving Iran.
"The government will implement export control measures to minimize the outflow of naphtha," the official said. "We are also considering additional steps necessary to stabilize the industrial supply chain."
Cheong Wa Dae is seen in this undated file photo. (Yonhap)
ejkim@yna.co.kr
(END)
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S. Korea says attack on Qatar LNG plant unlikely to cause supply disruption
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S. Korea says attack on Qatar LNG plant unlikely to cause supply disruption

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## Expert Analysis

### Merits
- Korea committed to expanding nuclear, missile programs; poses 'significant' threats to S.

### Areas for Consideration
- This year, Qatari LNG accounts for about 14 percent of the country's total imports, according to the official. "The proportion of Qatari (LNG imports) is not as high as 14 percent this year, and there is no problem in supply of gas because there are alternative sources of imports," the official said.
- Much of its naphtha imports are transported through the Strait of Hormuz, a vital shipping route effectively closed amid escalating tensions involving Iran. "The government will implement export control measures to minimize the outflow of naphtha," the official said. "We are also considering additional steps necessary to stabilize the industrial supply chain." Cheong Wa Dae is seen in this undated file photo. (Yonhap) ejkim@yna.co.kr (END) Related Articles Gov't cooperating with shipbuilders to prevent disruption in ethylene supplies Gov't to temporarily designate naphtha as economic security item amid supply woes (LEAD) Industry minister says fuel price cap system already showing price stabilization effect Keywords #Mideast crisis #naphtha Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Most Saved (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 16th Gwangju Biennale: You must change your life Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees (2nd LD) N.

### Implications
- However, the official said South Korea will closely monitor any disruption of global energy supplies caused by a prolonged war in the Middle East.
- Much of its naphtha imports are transported through the Strait of Hormuz, a vital shipping route effectively closed amid escalating tensions involving Iran. "The government will implement export control measures to minimize the outflow of naphtha," the official said. "We are also considering additional steps necessary to stabilize the industrial supply chain." Cheong Wa Dae is seen in this undated file photo. (Yonhap) ejkim@yna.co.kr (END) Related Articles Gov't cooperating with shipbuilders to prevent disruption in ethylene supplies Gov't to temporarily designate naphtha as economic security item amid supply woes (LEAD) Industry minister says fuel price cap system already showing price stabilization effect Keywords #Mideast crisis #naphtha Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Most Saved (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 16th Gwangju Biennale: You must change your life Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees (2nd LD) N.
- Korea, U.S. conduct joint drills Most Viewed All Categories Qatar may have to declare force majeure on long-term LNG contract with S.

### Expert Commentary
This article covers korea, lng, supply topics. Notable strengths include discussion of korea. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 601.