South Korea Faces Potential LNG Price Volatility and Naphtha Export Limits Amid Middle East Tensions

South Korea is likely to see LNG price volatility following Qatar's force majeure declaration on its long-term supply contract, although immediate supply impacts remain limited. Concurrently, Seoul is reviewing potential export restrictions on naphtha due to ongoing supply disruptions linked to geopolitical instability in the Middle East. These combined pressures highlight vulnerabilities in South Korea's energy and petrochemical sectors, prompting policymakers to consider measures that could stabilize domestic markets and supply chains.