South Korean authorities said Iranian attacks on Qatar’s energy facilities have increased uncertainty in global energy markets.

QatarEnergy said it may declare force majeure on long-term LNG contracts after the attacks reduced export capacity by about 17%.

South Korea Sees No Immediate Risk

Despite the situation, South Korea said there is no major concern about its LNG supply.

Officials said imports from Qatar make up a relatively small share, around 14%, and alternative sources are available.

Strong Reserves In Place

State-run Korea Gas Corp said it has LNG reserves above required levels and is prepared to handle any supply issues.

Authorities said they will continue to monitor supply, demand and prices closely.

Energy Mix Adjustments Planned

To manage any potential disruption, the government plans to rely more on coal and nuclear power while reducing gas use.

Officials also said limits on coal power output may be lifted, and maintenance work on nuclear reactors will be completed early to boost capacity.

Global Energy Impact

South Korea is the world’s third-largest LNG importer, and any disruption in supply chains could affect energy markets.

However, officials say the country remains well prepared to manage the current situation.

(with inputs from Reuters)