South Korea Midstream Oil and Gas Industry Outlook to 2021: Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines and Gas Processing

1 Table of Contents 2

1.1 List of Tables 6

1.2 List of Figures 8

2 Introduction 9

2.1 What is This Report About? 9

2.2 Market Definition 9

3 South Korea Energy Sector 12

3.1 South Korea Energy Sector, Market Overview 12

3.2 South Korea Energy Sector, Oil 13

3.2.1 South Korea Oil, Overview 13

3.2.2 South Korea Oil, Supply and Demand Balance 13

3.2.3 South Korea Crude Oil, Regulatory Structure 17

3.3 South Korea Energy Sector, Gas 18

3.3.1 South Korea Gas, Overview 18

3.3.2 South Korea Gas, Supply and Demand Balance 18

3.3.3 South Korea Natural Gas, Regulatory Structure 24

4 South Korea LNG Industry 25

4.1 South Korea LNG Industry, Regasification 25

4.1.1 South Korea LNG Industry, Regasification, Key Data 25

4.2 South Korea LNG Industry, Regasification, Overview 25

4.2.1 South Korea LNG Industry, Total Regasification Capacity 25

4.3 South Korea LNG Industry, Regasification Capacity by Company 27

4.4 South Korea LNG Industry, Regasification Capacity by Terminal 28

4.5 South Korea LNG Industry, Regasification Asset Details 29

4.5.1 South Korea LNG Industry, Regasification Active Asset Details 29

4.5.2 South Korea LNG Industry, Regasification Planned Asset Details 34

5 South Korea Oil Storage Industry 36

5.1 South Korea Oil Storage Industry, Key Data 36

5.2 South Korea Oil Storage Industry, Overview 36

5.3 South Korea Oil Storage Industry, Storage Operations 36

5.3.1 South Korea Oil Storage Industry, Total Storage Capacity 36

5.4 South Korea Oil Storage Industry, Storage Capacity by Major Companies 38

5.5 South Korea Oil Storage Industry, Storage Capacity Share by Area 40

5.6 South Korea Oil Storage Industry, Storage Capacity by Terminal 41

5.7 South Korea Oil Storage Industry, Asset Details 45

5.7.1 South Korea Oil Storage Industry, Active Asset Details 45

5.7.2 South Korea Oil Storage Industry, Planned Asset Details 82

6 South Korea Oil and Gas Pipelines Industry 84

6.1 South Korea Oil Pipelines 84

6.1.1 South Korea Oil Pipelines, Key Data 84

6.1.2 South Korea Oil Pipelines, Overview 84

6.2 South Korea Oil and Gas Pipelines Industry, Comparison of Major Petroleum Products Pipeline Companies 84

6.3 South Korea Oil and Gas Pipelines Industry, Petroleum Products Pipelines 86

6.4 South Korea Oil and Gas Pipelines Industry, Oil Pipelines Asset Details 87

6.4.1 South Korea Oil and Gas Pipelines Industry, Oil Pipelines Active Asset Details 87

6.5 South Korea Gas Pipelines 99

6.5.1 South Korea Gas Pipelines, Overview 99

6.6 South Korea Oil and Gas Pipelines Industry, Natural Gas Pipeline Length by Company 99

6.7 South Korea Oil and Gas Pipelines Industry, Natural Gas Pipelines 99

6.8 South Korea Oil and Gas Pipelines Industry, Gas Pipelines Asset Details 100

6.8.1 South Korea Oil and Gas Pipelines Industry, Gas Pipelines Active Asset Details 100

7 South Korea Gas Processing Industry 102

7.1 South Korea Gas Processing Industry, Overview 102

7.2 South Korea Gas Processing Industry, Gas Processing Capacity by Company 102

7.3 South Korea Gas Processing Industry, Capacity Contribution of Various Provinces 102

7.4 South Korea Gas Processing Industry, Gas Processing Capacity 103

7.5 South Korea Gas Processing Industry, Asset Details 104

7.5.1 South Korea Gas Processing Industry, Active Asset Details 104

8 Recent Contracts 105

8.1 Detailed Contract Summary 105

8.1.1 Awarded Contracts 105

9 Recent Developments 120

9.1 Other Significant Developments 120

9.1.1 Aug 21, 2016: AG&P Announces Major Investment In GAS Entec, A Specialist Korean Gas Engineering Company, To Offer State-Of-The-Art Small- And Mid-Scale LNG Infrastructure 120

9.1.2 Aug 17, 2016: South Korea Records

15.2% Decrease In LNG Imports In July Year On Year 121

9.1.3 Aug 03, 2016: BW Amends LNG Tanker Order With DSME 122

9.1.4 Jul 25, 2016: KOMIPO Issues Tender To Purchase One LNG Cargo 122

9.1.5 Jul 06, 2016: POSCO's High Manganese Steel To Be Used For The World's Largest LNG-Powered Bulk Carrier 123

9.1.6 Jun 14, 2016: India In Talks With Japan And South Korea On LNG Deal 124

9.1.7 May 20, 2016: Sovcomflot, DSME Extend Delivery Date For Arctic LNG Carrier 124

9.2 New Contracts Announcements 125

9.2.1 Aug 22, 2016: BW Selected As FSRU Supplier By Pakistan GasPort 125

9.2.2 Jul 13, 2016: World’s First LNG-Powered Bulker With ME-GI Prime Mover Announced 125

9.2.3 Jul 11, 2016: Petronas Selects Intellian To Connect New State-Of-The-Art Floating LNG Production Vessel 126

9.2.4 Jun 09, 2016: DSME To Build Two LNG Carriers For Maran Gas Maritime 127

10 Appendix 128

10.1 Abbreviations 128

10.2 Methodology 128

10.2.1 Coverage 128

10.2.2 Secondary Research 129

10.3 Disclaimer 129

Table 1: Oil Industry, South Korea, Historical and Forecast of Oil Consumption (mbd), 2000–2020 14

Table 2: Oil Industry, South Korea, Historical and Forecast of Oil Exports and Imports (mbd), 2000–2020 16

Table 3: Gas Industry, South Korea, Historical and Forecast of Gas Consumption (bcf), 2000–2020 19

Table 4: Gas Industry, South Korea, Historical and Forecast of Gas Imports (bcf), 2000–2020 21

Table 5: Gas Industry, South Korea, Historical Natural Gas Reserves (tcf), 2000–2015 23

Table 6: LNG Industry, South Korea, Regasification Key Statistics, Aug 2016 25

Table 7: LNG Industry, South Korea, Total Regasification Capacity (bcf), 2011–2021 25

Table 8: LNG Industry, South Korea, Regasification Capacity by Company (bcf), 2011–2021 27

Table 9: LNG Industry, South Korea, Regasification Capacity (bcf), 2011–2021 28

Table 10: Oil Storage Industry, South Korea, Key Statistics, Aug 2016 36

Table 11: Oil Storage Industry, South Korea, Total Storage Capacity (mcm), 2011–2021 36

Table 12: Oil Storage Industry, South Korea, Storage Capacity by Major Companies (mcm), 2011–2021 38

Table 13: Oil Storage Industry, South Korea, Storage Capacity (mcm), 2011–2021 41

Table 14: Oil Storage Industry, South Korea, Storage Capacity (mcm), 2011–2021 (Contd.1) 42

Table 15: Oil Storage Industry, South Korea, Storage Capacity (mcm), 2011–2021 (Contd.2) 43

Table 16: Oil Storage Industry, South Korea, Storage Capacity (mcm), 2011–2021 (Contd.3) 44

Table 17: Oil and Gas Pipelines Industry, South Korea, Oil Pipelines Key Statistics, Aug 2016 84

Table 18: Oil and Gas Pipelines Industry, South Korea, Petroleum Products Pipeline Length by Major Companies (km), Aug 2016 84

Table 19: Oil and Gas Pipelines Industry, South Korea, Petroleum Products Pipelines, Aug 2016 86

Table 20: Oil and Gas Pipelines Industry, South Korea, Natural Gas Pipeline Length by Company (km), Aug 2016 99

Table 21: Oil and Gas Pipelines Industry, South Korea, Natural Gas Pipelines, Aug 2016 99

Table 22: Gas Processing Industry, South Korea, Gas Processing Capacity by Company (mmcf), Aug 2016 102

Table 23: Gas Processing Industry, South Korea, Capacity Contribution of Various Provinces (mmcf), Aug 2016 102

Table 24: Gas Processing Industry, Gas Processing Capacity in South Korea (mmcf), Aug 2016 103

Table 25: Parker Bestobell Marine Secures Contract From Daewoo Shipbuilding & Marine Engineering (DSME) 105

Table 26: Parker Bestobell Marine, A Part Of The Instrumentation Products Division of Parker Hannifin, Secures Contract From Daewoo Shipbuilding & Marine Engineering (DSME) 106

Table 27: MAN Diesel & Turbo Secures Contract From Daewoo Shipbuilding & Marine Engineering (DSME) 107

Table 28: Daewoo Shipbuilding & Marine Engineering Secures Contract From Maran Gas Maritime and Maran Tankers Management 108

Table 29: Gaztransport & Technigaz (GTT) Secures Contract From Hyundai Heavy Industries (HHI) 110

Table 30: TTS Group Secures Contracts Worth NOK65 Million (US$7.57 Million) For The Supply Of Heavy-Lift Cranes 111

Table 31: Hankuk Carbon Secures Contract Worth KRW50.5 Billion (US$41.7 Million) From Samsung Heavy Industries 112

Table 32: Unitel Technologies Signed An Agreement For A Contract With Korea Gas Technology Corporation (KOGAS-Tech) 113

Table 33: KT SAT Secures Contract From H-Line Shipping 114

Table 34: Hyundai Heavy Industries (HHI) Secures Contract Worth Approximately US$77 Million From KSS Line 115

Table 35: Winterthur Gas & Diesel (WinGD) Secures Contract From Daewoo Shipbuilding & Marine Engineering (DSME) 116

Table 36: MacGregor Secures Contracts To Provide Its Pusnes Deck Machinery Packages 117

Table 37: Dongsung Finetec Secures Contract From Samsung Heavy Industries (SHI) 119

Figure 1: Energy Industry, South Korea, Primary Energy Consumption Split by Fuel Type (%), 2015 12

Figure 2: Oil Industry, South Korea, Historical and Forecast of Oil Consumption (mbd), 2000–2020 15

Figure 3: Oil Industry, South Korea, Historical and Forecast of Oil Exports and Imports (mbd), 2000–2020 17

Figure 4: Gas Industry, South Korea, Historical and Forecast of Gas Consumption (bcf), 2000–2020 20

Figure 5: Gas Industry, South Korea, Historical and Forecast of Gas Imports (bcf), 2000–2020 22

Figure 6: Gas Industry, South Korea, Historical Natural Gas Reserves (tcf), 2000–2015 24

Figure 7: LNG Industry, South Korea, Total Regasification Capacity (bcf), 2011–2021 26

Figure 8: LNG Industry, South Korea, Regasification Capacity by Company (bcf), 2011–2021 27

Figure 9: Oil Storage Industry, South Korea, Total Storage Capacity (mcm), 2011–2021 37

Figure 10: Oil Storage Industry, South Korea, Storage Capacity by Major Companies (mcm), 2011–2021 39

Figure 11: Oil Storage Industry, South Korea, Storage Capacity Share by Area (%), 2016 40

Figure 12: Oil and Gas Pipelines Industry, South Korea, Petroleum Products Pipeline Length by Major Companies (km), Aug 2016 85