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2019-03-20 10:35:00

S.KOREA'S LNG WILL UP

S.KOREA'S LNG WILL UP

PLATTS - The South Korean government Tuesday gave its final approval to lower taxes on LNG used for power production by 75%, and raise those on thermal coal by 28% from April 1, in a move likely to boost downstream gas consumption.

The decision is likely to boost LNG demand from the world's third-largest LNG importer. South Korea imported 42.7 million mt of LNG in 2018, up 15% from a year earlier, according to S&P Global Platts Analytics.

The decision is driven by the…

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Tags: S.KOREA, LNG, GAS, COAL
Chronicle:
S.KOREA'S LNG WILL UP
2019, October, 11, 11:37:00
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