[New Year's Address] Jo Yongseong, President of the Korea Energy Economics Institute, "Committed to Proposing Policy Alternatives to Strengthen Gas Industry Competitiveness"

[Asia Economy Reporter Kim Bo-kyung] Jo Yong-sung, President of the Korea Energy Economics Institute (photo), stated on the 3rd, "We will do our best to propose policy alternatives that can help strengthen the competitiveness of the gas industry."

In his New Year's address that day, President Jo assessed the current situation, saying, "Globally, as responses to climate change, changes in the energy industry due to the Fourth Industrial Revolution, and the transition to clean and safe energy are actively taking place, the role of natural gas as a bridging energy is being emphasized."

He continued, "The global natural gas market remains a buyer's market," and added, "Positive signs are emerging, such as the reduction of rigid contract terms in LNG purchase agreements in the Asia region."

President Jo emphasized, "We will closely analyze the rapidly changing global natural gas market, continue collecting diverse information, and pursue multidisciplinary collaborative research," and "We will do our best to propose policy alternatives that can help strengthen the competitiveness of the gas industry."

He also pledged, "We will gather research capabilities to listen to the opinions of various stakeholders related to the current issues of the domestic gas industry and propose reasonable policy alternatives."

Finally, President Jo said, "On the occasion of the Year of the Metal Rat (Gyeongja-nyeon), I wish health and success to all those involved in the gas industry," and added, "The Korea Energy Economics Institute will strive to fulfill its role as an energy policy think tank throughout this year."

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