S.Korea begins power generation from US shale gas
Baku, Azerbaijan, Feb.2
By Leman Zeynalova – Trend:
South Korea’s SK E&S company has kicked off a natural gas power plant using shale gas imported from the US - a first for the country, said the message posted on the company’s website.
Paju Energy Service, wholly-owned by SK E&S, announced that it has started commercial operation of a high-efficiency LNG power plant.
This operation follows last month’s importation by SK E&S of 66,000 tons of US shale gas.
Unlike other natural gas power plants that buy fuel from Korea Gas Corporation, the Paju LNG Power Plant uses directly-imported shale gas obtained at competitive prices, enabling it to reduce its costs. It is therefore expected that the power plant will produce electricity at a more affordable price.
The Paju LNG Power Plant has a capacity of 1,800 MW, or 2 percent of South Korea’s total generation capacity of 100 GW, and can produce enough electricity for 600,000 households, according to the message.
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