No. 25



Korean Energy Demand Down By 7.9% During 1Q 98

Korea's domestic energy consumption in the first quarter of 1998 decreased by 7.9% to43mn tons of oil equivalent (TOE) compared with the same period last year, according to KoreaOil News. This was the sharpest decrease in energy demand in Korea since the firstquarter of 1982 and is attributed to the depression brought on by the Asian financialcrisis and the subsequent increase in domestic energy prices. Oil...