The role of LNG in the North Asian energy transition

North Asia is very different in terms of LNG from the North American and even the European gas markets. First, it is not one market but a collection of separate units with partly radically different seasonalities and use cases. Also, geology makes it so that underground gas storage is hard in North Asia. But you need on-demand backup to serve the demand curve and now also to back up the notoriously unstable and flickery wind and solar. This means that gas is not the best or most effective choice in every case as LNG storage is comparatively expensive and underground gas storage is very limited. Coal is much cheaper but especially it can be stored for very little cost. Gas is not automatically a substitute for coal in North Asia. 

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