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South Korea’s Energy Security: Vulnerabilities and Opportunities for LNG in the Face of Weak Oil Prices

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Jagabanta Ningthoujam examines the energy security landscape of South Korea under the evolving era of weak oil prices using the Liquefied Natural Gas (LNG) supply situation as a lens. It signals unique opportunities to improve competitiveness and energy security, albeit with a new risk of energy supply constrictions and an environment of potential deflation. He argues that Long-term competitiveness must rely on diversification.

Jagabanta Ningthoujam is a second-year M.A. student at SAIS, concentrating in International Development and International Economics. Prior to SAIS, he worked as an energy consultant focusing on the gas, power and renewable market in the Asia-Pacific. He studied Mechanical Engineering at the National University of Singapore and has lived and worked in Singapore, India, and Japan. After SAIS, he intends to work for a major multilateral bank focusing on the crossroad between energy and development.