South Korea Oil and Gas Market: Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine

South Korea Oil and Gas Market: Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine


The South Korea oil and gas market is expected to grow at a CAGR of around 3.1% during 2024-2033. This report on South Korea oil and gas market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the South Korea oil and gas market by segmenting the market based on sector and region. Also, detailed profiles of companies operating in the oil and gas market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers

• Increased Demand for Refined Products
• Increased Demand from Industrial Sector

Market Challenges

• Lack of Domestic Reserves

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Sector

• Upstream
• Midstream
• Downstream

Market by Region

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others


1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. South Korea Oil and Gas Market
3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges
4. South Korea Oil and Gas Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. South Korea Oil and Gas Market by Sector
5.1. Introduction
5.2. Upstream
5.3. Midstream
5.4. Downstream
6. South Korea Oil and Gas Market by Region
6.1. Introduction
6.2. Seoul Capital Area
6.3. Yeongnam (Southeastern Region)
6.4. Honam (Southwestern Region)
6.5. Hoseo (Central Region)
6.6. Others
7. SWOT Analysis
8. Porter’s Five Forces
9. Market Value Chain Analysis
10. Competitive Landscape
10.1. Competitive Scenario
10.2. Company Profiles
10.2.1. CNCITY Energy Co., Ltd
10.2.2. Daesung Industrial Co., Ltd.
10.2.3. GS Caltex Corp
10.2.4. Hankook Shell Oil Co., Ltd
10.2.5. Hyundai Oilbank Co., Ltd
10.2.6. Korea Gas Corporation (KOGAS)
10.2.7. Korea National Oil Corporation (KNOC)
10.2.8. Kukdong Oil & Chemicals Co., Ltd.
10.2.9. SGS Group
10.2.10. SK Energy
List of Figures
Figure 1: South Korea Oil and Gas Market (in US$ Million), 2019-2023
Figure 2: South Korea Oil and Gas Market by Sector, 2023
Figure 3: South Korea Oil and Gas Market by Region, 2023
Figure 4: South Korea Oil and Gas Market (in US$ Million), 2024-2033
Figure 5: South Korea Oil and Gas Market by Sector (in %), 2023 & 2033
Figure 6: South Korea Upstream Oil and Gas Market (in US$ Million), 2019-2023
Figure 7: South Korea Upstream Oil and Gas Market (in US$ Million), 2024-2033
Figure 8: South Korea Midstream Oil and Gas Market (in US$ Million), 2019-2023
Figure 9: South Korea Midstream Oil and Gas Market (in US$ Million), 2024-2033
Figure 10: South Korea Downstream Oil and Gas Market (in US$ Million), 2019-2023
Figure 11: South Korea Downstream Oil and Gas Market (in US$ Million), 2024-2033
Figure 12: South Korea Oil and Gas Market by Region (in %), 2023 & 2033
Figure 13: Seoul Capital Area Oil and Gas Market (in US$ Million), 2019-2023
Figure 14: Seoul Capital Area Oil and Gas Market (in US$ Million), 2024-2033
Figure 15: Yeongnam (Southeastern Region) Oil and Gas Market (in US$ Million), 2019-2023
Figure 16: Yeongnam (Southeastern Region) Oil and Gas Market (in US$ Million), 2024-2033
Figure 17: Honam (Southwestern Region) Oil and Gas Market (in US$ Million), 2019-2023
Figure 18: Honam (Southwestern Region) Oil and Gas Market (in US$ Million), 2024-2033
Figure 19: Hoseo (Central Region) Oil and Gas Market (in US$ Million), 2019-2023
Figure 20: Hoseo (Central Region) Oil and Gas Market (in US$ Million), 2024-2033
Figure 21: Other South Korean Regions Oil and Gas Market (in US$ Million), 2019-2023
Figure 22: Other South Korean Regions Oil and Gas Market (in US$ Million), 2024-2033
Figure 23: Market Value Chain
List of Tables
Table 1: South Korea Oil and Gas Market Portraiture
Table 2: South Korea Oil and Gas Market by Sector (in US$ Million), 2023 & 2033
Table 3: South Korea Oil and Gas Market by Region (in US$ Million), 2023 & 2033
Table 4: List of Key Players

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