KESISKorea Energy Statistical
Information System

1.The Economy and the Industry

Gross Domestic Product (“GDP”) went up by 2.7% year-on-year in Q2, backed by stronger consumer sentiment and a decent growth in facility investment.

The export value made a year-on-year growth of 13.5% in June, boosted by the highest export record of semi-conductors and marine vessels.

The production index of mining and manufacturing industries fell by 0.5% year-on-year (in June) from a month earlier, affected by weaker result of the ICT and cement industries, while the service industry production index rose by 2.1%.

2. Energy Prices

In August, global oil price went up by 4.7% from the previous month, amid a prospect of the U.S. sanctions on Venezuela and smaller U.S. crude oil inventory .

Gasoline and diesel prices rose by 0.9% and 1.2% respectively in August compared to the previous month, with the reflection of the increased global oil price from July to August.

Propane and butane prices were flat in August despite falling global prices, partly due to the rising exchange rate.

City gas rates were unchanged in August after the rate increase of 0.5% for the residential and commercial use and 0.6% for the industrial use in July.

Heat energy rates remained steady in August after the rates fell by 5.8% for each end-user in July through the calculation of fuel cost.

Electricity rates remained steady in August after the rates for general and industrial customers increased according to the seasonal rate change in June.

The unit price of electricity for general, industrial and residential customers went up by 7.3%, 1.7% and 9.7% respectively in July from a month earlier.

3. Energy Supply

Energy import volume rose by 10.6% year-on-year in June, measured in calories, helped by growing import of bituminous coal and LNG.

4. Energy Consumption

Total Primary Energy Supply (“TPES”) rose by 1.9% (year-on-year) in June, led by renewable & other energy, gas and petroleum, although nuclear and coal consumption declined.

Total Final Consumption (“TFC”) was up 2.5% year-on-year (in June) despite a slower growth in the industrial energy use, as the transport energy use soared.

5. Coal

Coal consumption went down by 1.6% in June on a year-on-year basis, as the consumption declined in the power generation sector for the first time in eight months, influenced by the government policies.

6. Petroleum

Petroleum consumption made a year-on-year growth of 2.3% in June, led by the transport and buildings sectors, although the industrial energy use grew at slower rate.

7. Gas

Gas consumption was up 5.7% in June on a year-on-year basis, as the consumption rose dramatically in the power generation sector, driven by government policies.

City gas consumption has grown at slower pace for two months in a row due to slower growth of the industrial gas consumption, although the consumption slightly increased in the buildings sector.

8. Electricity

Electricity consumption was flat in June compared to the same month last year, despite a decent recovery in the industrial sector, as the buildings sector consumed less.

9. Nuclear energy

Nuclear generation fell by 3.7% in June on a year-on-year basis due to the permanent shutdown of Kori unit1 and increased preventive maintenance.

10. Heat and Renewable energy

Heat energy consumption went up by 5.2% in June on a year-on-year basis despite a decline in the commercial sector, as the consumption increased in the residential sector.

Renewable and other energy consumption rose by 17.3% (in June) on a year-on-year basis, backed by a continuous surge in renewable energy generation.

11. The Industrial Sector

Industrial energy use increased by 1.6% year-on-year in June, led by the primary metals industry, although the energy use decreased in the petrochemical industry.

12. The Transport Sector

Transport energy use went up by 6.8% year-on-year in June, led by the road transport and aviation sectors.

13. The Buildings Sector

Energy consumption in the buildings sector was up 1.0% year-on-year in June along with growing petroleum and city gas consumption, though electricity and coal consumption declined.

14. Transformation

Energy use for power generation made a year-on-year decline of 0.3% in June, as coal-fired and nuclear generation decreased while gas-fired generation increased.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Consumption and Share of the Total Final Consumption by Sources

1.The Economy and the Industry

The export value posted a year-on-year increase of 13.2% in May due to higher unit prices and expanded export volume of major exporting goods.

The production index of mining & manufacturing industries has been recording slower growth for four consecutive months and was almost unchanged in May (0.1%) from the prior month, while the service industry production index rose by 2.1%.

2. Energy Prices

Global oil price went up by 3.0% in July compared to the previous month, affected by Saudi Arabia’s announcement of reduced crude oil export and decreased crude inventory in the U.S.

Global natural gas price fell by 3.4% in June from the previous month while global coal price rose by 6.9%.

Gasoline and diesel prices fell by 1.6% and 1.7% respectively in July from the previous month, affected by a decline in global oil price in June.

Propane and butane prices were down by 1.4% and 2.3% in July from a month earlier, although global prices were unchanged.

City gas rates stayed at the level of the previous month in July, as global natural gas price has recently shown no significant changes.

Heat energy rates for residential, business and public sectors decreased by 5.8% respectively in July compared to the previous month

Electricity rates were unchanged in July after the rates for general and industrial customers were raised in June for the summer season.

Unit price of electricity for general, industrial and residential customers rose by 13.7%, 23.9% and 1.8% respectively in June from the previous month.

3. Energy Supply

The amount of energy imported was up 6.0% in May on a year-on-year basis, measured in calories, due to bigger import of major energy sources.

4. Energy Consumption

Total Primary Energy Supply(“TPES”) rose by 1.8% year-on-year in May, led by renewable energy, coal and petroleum, although nuclear and gas consumption declined.

Total Final Consumption (“TFC”) increased by 2.2% in (May) on a year-on-year basis. The growth rate, however, went down as industrial energy use grew more slowly.

5. Coal

Coal consumption made a year-on-year increase of 2.9% in May despite a drop in the industrial sector, as the power generation sector consumed more.

6. Petroleum

Petroleum consumption grew by mere 1.1% in May on a year-on-year basis because of the slower consumption growth in the industrial and buildings sectors.

7. Gas

Gas use decreased by 0.1% in May on a year-on-year basis due to decreased gas-fired generation, although gas use increased for city gas production.

City gas use made a year-on-year growth of 1.7% (in May) despite less use of city gas in buildings, as the industrial sector consumed much more.

8. Electricity

Electricity consumption increased by mere 1.3% in May on a year-on-year basis amid slower consumption growth in the industrial and buildings sectors.

9. Nuclear energy

Nuclear generation declined by 2.4% year-on-year in May with several plants running at lower capacity factors, though the pace of decline was much slower.

10. Heat and Renewable energy

Heat energy use was flat (0.0%) in May on a year-on-year basis, as an increase in the residential sector was offset by a sharp decline in the commercial sector.

Renewable and other energy consumption increased by 16.1% year-on-year despite a decline in hydropower generation, because of a surge in renewable energy generation.

11. The Industrial Sector

Industrial energy use recorded mere 2.4% growth in May on a year-on-year basis, affected by slower consumption growth in the petrochemical industry.

12. The Transport Sector

Transport energy use recovered in May, posting 2.5% year-on-year growth, as energy use rebounded in the road transport sector.

13. The Buildings Sector

Energy use in buildings made a small year-on-year increase (0.7%) in May, despite decreased use of coal, LPG and city gas, as electricity and diesel were more used.

14. Transformation

Energy consumption for power generation recorded 0.8% year-on-year increase in May, owing to the increased coal-fired generation, although nuclear and gas-fired generation decreased.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Consumption and Share of the Total Final Consumption by Sources

1.The Economy and the Industry

The total export value increased by 24.1% year-on-year in April due to picking up export of semi-conductors, ships and iron & steel products.

The mining and manufacturing production index increased by 1.7% year-on-year in April, recording a slower growth rate than in the prior month. The service industry production index rose by 2.5% year-on-year in Aril.

2. Energy Prices

Global oil prices declined by 7.6% in June from the previous month affected by the instability in the Middle East and a likely increase in crude oil supply from the U.S.

Global natural gas price fell by 3.4% (in June) from a month earlier while coal price rose by 6.9%.

Gasoline and diesel prices declined by 1.3% and 1.6% respectively in June from the prior month affected by lower global oil prices.

Propane and butane prices fell by 2.8% and 4.5% in June from the previous month due to falling global prices.

City gas rates increased in May according to the raw material cost pass-through system and stayed at the same level in June.

Heat energy rates for residential, business and public use rose by 2.4% respectively in May and has been at the same level ever since.

Electricity rates for general and industrial customers dramatically increased from a month earlier as the rates were adjusted for the summer season.

Unit sales price of electricity rose by 3.4% for general customers while fell by 4.5% and 0.2% for residential and industrial customers in May compared to the prior month.

3. Energy Supply

Foreign energy dependency increased by 1.3%p to 81.0% in April on a year-on-year basis due to expanded energy import volume.

4. Energy Consumption

Total Primary Energy Supply(TPES) went up by 1.7% in April along with growing consumption of coal and gas for power generation and petroleum as feedstock, though the use of nuclear energy declined.

Total Final Consumption (“TFC”) rose by 2.8% year-on-year (in April) despite decreased consumption in the transport sector, as the industrial and buildings sectors consumed more energy.

5. Coal

Coal consumption was up 4.0% year-on-year in April, led by a surge in the power generation sector, although industrial coal consumption declined.

6. Petroleum

Petroleum consumption rose by 1.6% year-on-year in April led by the industrial sector, although the consumption fell in the transport and buildings sector.

7. Gas

Gas consumption increased by 9.7% in April on a year-on-year basis due to a surge in gas use for power generation and city gas production.

City gas consumption has increased for three consecutive months in the industrial and buildings sectors and the sector-wide consumption recorded a year-on-year increase of 6.6%.

8. Electricity

Electricity consumption went up by 1.7% year-on-year in April due to growing consumption in the buildings sector, although the consumption grew at slower pace in the industrial sector.

9. Nuclear energy

Nuclear generation fell by 13.2% year-on-year in April as seven reactors ceased operation for safety inspection.

10. Heat and Renewable energy

Heat energy consumption rose by 20.7% year-on-year in April, influenced by increased heating degree days, decreased heat energy rates along with base effect.

Renewable and other energy consumption was up 12.9% in April on a year-on-year basis, backed by steadily growing consumption in the renewable power generation and industrial sector.

11. The Industrial Sector

Industrial energy consumption went up by 4.5% year-on-year in April, backed by continued consumption growth in the petrochemical industry.

12. The Transport Sector

Energy consumption fell by 2.8% year-on-year in April in the transport sector as higher price of petroleum products led to decreased consumption for road transport.

13. The Buildings Sector

Energy consumption in buildings went up by 3.3% in April on a year-on-year basis backed by increased use of electricity, city gas and heat energy, although coal and petroleum consumption declined.

14. Transformation

Energy consumption for power generation declined by 0.2% year-on-year in April despite increased coal and gas consumption, as nuclear generation declined more sharply.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Consumption and Share of the Total Final Consumption by Sources

1.The Economy and the Industry

The total export value increased by 24.1% year-on-year in April due to picking up export of semi-conductors, ships and iron & steel products.

The mining and manufacturing production index increased by 1.7% year-on-year in April, recording a slower growth rate than in the prior month. The service industry production index rose by 2.5% year-on-year in April.

2. Energy Prices

Global oil prices decreased by 4.2% in May from a month earlier despite the extended oil output cut agreement by oil producing countries, because of the expanded crude oil output in OPEC member countries.

Global coal prices declined by 11.1% from the previous month due to resumed coal export in Australia following the restoration of coal mining area that was previously hit by a cyclone.

Gasoline and diesel prices declined by 0.4% and 0.5% respectively in May from the previous month, reflecting decreased global oil prices.

Propane and butane prices fell by 1.1% and 1.8% respectively in May on a month-over-month basis along with the falling global prices.

City gas rates went up slightly in May from a month earlier affected by the pass-through of raw material cost.

Heat energy rates for residential, business and public use increased by 2.4% each along with the city gas rate increase.

Electricity rates by type of customers were the same as the previous month in May and have been unchanged since March when the spring season rate was applied.

In April, unit sales price of electricity increased by 4.0% for the residential customers but declined by 6.8% and 1.7% for the general and industrial customers respectively compared to the previous month.

3. Energy Supply

The amount of energy imported expanded 4.0% year-on-year in March, measured in terms of toe, along with over 10% rise in crude oil import.

4. Energy Consumption

Total Primary Energy Demand (“TPED”) was up 4.5% in March on a year-on-year basis along with the rising consumption of major energy sources except nuclear energy.

Total Final Consumption (“TFC”) was up 5.0% year-on-year led by the industrial and transport sectors, though energy consumption declined in the buildings sector.

5. Coal

Coal consumption rose by 8.0% year-on-year in March, especially for power generation and cement production in the industrial sector.

6. Petroleum

Petroleum consumption went up by 5.5% in March primarily due to expanded naphtha consumption, leading the growth of TFC.

7. Gas

Gas consumption was up 6.4% year-on-year in March driven by a dramatic growth in the power generation and city gas production sectors.

City gas consumption rose by 2.4% on a year-on-year basis boosted by a sharp increase in the industrial sector.

8. Electricity

Electricity consumption went up by 0.7% in March on a year-on-year basis led by the industrial sector, although the consumption declined in the buildings sector.

9. Nuclear energy

Nuclear generation was down 9.8% in March on a year-on-year basis amid falling capacity factor partly due to a sudden increase in preventive maintenance.

10. Heat and Renewable energy

Heat energy consumption was up 4.3% year-on-year in March affected by increased heating degree days and decreased heat energy rates.

Renewable and other energy consumption made a year-on-year increase of 14.3% backed by steady growth in the power generation and industrial sectors.

11. The Industrial Sector

Industrial energy consumption increased by 8.1% in March on a year-on-year basis driven by drastic consumption growth in the petrochemical industry.

12. The Transport Sector

Energy consumption grew by 3.6% in the transport sector in March especially in the road transport and domestic navigation sectors despite higher prices of petroleum products.

13. The Buildings Sector

Energy consumption in the buildings sector fell by 1.6% in March on a year-on-year basis in spite of higher heating degree days, as the prices of coal, petroleum and city gas went up.

14. Transformation

Energy consumption for power generation grew by 0.9% year-on-year in March despite decreased nuclear generation as coal and gas-fired generation increased.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Consumption and Share of the Total Final Consumption by Sources

1.The Economy and the Industry

Gross Domestic Product(“GDP”) increased by mere 2.7% in the 1st quarter (of 2017) on a year-on-year basis despite rapidly growing investment in the construction sector and facilities, due to a slowdown in private spending.

Export value rose by 20.2% in March on a year-on-year basis as higher unit prices led to increased export volume of major exporting goods.

The production index of mining and manufacturing went up by 3.0% in March, showing slower growth rate compared to the previous month. The service industry performance index was up 2.8%.

2. Energy Prices

Global oil prices went up by 2.5% in April from a month earlier due to the successful implementation of oil output cuts by OPEC and the expectation for the extension of the deal.

Global coal prices rose by 5.1% from the previous month as coal supply was disrupted after a cyclone hit coal mining area in Australia.

The prices of gasoline and diesel fell by 1.3% and 1.5% respectively in April following the global oil price decrease in March.

LPG prices maintained the same level as the previous month in April despite decreased global prices, as a consequence of a delay in reflecting accumulated price increase (to the domestic price).

City gas rates for the industrial sector fell by 6.4% in April than a month ago after the spring & autumn season rates were applied, and the rates for other end-use sectors were unchanged from the previous month.

Heat energy rates went up in March along with the city gas rate increase and have been at the same level ever since.

Electricity rates by end-use sectors maintained the same level since March when the rate was adjusted for the spring & autumn season.

The unit sales price of electricity for industrial use fell most sharply by 19.0% in March from the previous month, followed by residential use -11.3% and general use -7.2%.

3. Energy Supply

Energy import rose by 8.6% in February on a year-on-year basis, led by coal and LNG, while crude oil import declined.

4. Energy Consumption

Total Primary Energy Supply(“TPES”) was almost the same as the previous month in February despite less use of petroleum and nuclear energy as more coal and gas were consumed.

Total final consumption rose slightly by 0.1% on a year-on-year basis led by the transport and buildings sectors although the industrial sector consumed less energy.

5. Coal

Coal consumption was up 7.4% in February on a year-on-year basis along with the sharp increase in coal use for power generation, although coal consumption decreased in the industrial and buildings sectors.

6. Petroleum

Petroleum consumption declined by 4.0% in February on a year-on-year basis affected by plunging naphtha consumption in the industrial sector.

7. Gas

Gas consumption went up by 5.5% in February on a year-on-year basis both in the power generation and city gas production.

City gas consumption rose by 5.9% on a year-on-year basis along with steadily increasing gas use in buildings and a surge in industrial gas consumption.

8. Electricity

Electricity consumption increased by 2.0% in February on a year-on-year basis on the recovery of industrial electricity consumption despite the stagnant consumption growth in the buildings sector.

9. Nuclear energy

Nuclear generation fell by 12.7% in February on a year-on-year basis as a sudden increase in preventive maintenance resulted in lower capacity factors.

10. Heat and Renewable energy

Heat energy consumption increased by 1.5% in February on a year-on-year basis mainly because of the lower heat energy rates while the number of heating degree days declined.

11. The Industrial Sector

Industrial energy consumption edged down 1.1% in February on a year-on-year basis as energy consumption started dwindling in the petrochemical sector.

12. The Transport Sector

Energy consumption in the transport sector was up 1.9% in February on a year-on-year basis supported by the increased energy consumption in domestic navigation sector although the consumption growth was stagnant in the road transport and domestic aviation sectors.

13. The Buildings Sector

Energy consumption in buildings went up by 1.7% in February with city gas and heat energy accounting for the largest share of energy consumed, even though heating degree days decreased.

14. Transformation

Energy use for power generation increased by 1.0% on a year-on-year basis, despite decreased nuclear generation, backed by expanded coal and gas input.

Appendix : Major indicators & statistics of energy demand and supply

Major Statistics & Indicators of the Economy

The Index of Production & Operating Ratio by Sectors

International Energy Prices

Total Primary Energy Supply (TPES) and Share of TPES by Sources

Total Final Consumption (TFC) and Share of the Total Final Consumption by Sources

Statistics on Energy Consumption and Share of the Total Final Consumption by Sources