South Korea's LNG demand has eased slightly over the past year following the post-Fukushima buying frenzy, but is nonetheless expected to remain firm in the near term, with current strong demand from both Korea and fellow Northeast Asian importer Japan helping sustain spot prices near crude equivalency (p7). Further out, requirements in the world's second-biggest LNG buyer will hinge to some extent on nuclear policy, itself uncertain in the wake of a recent safety scandal that involved multiple reactors and led to the temporary shutdown of two.
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