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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, June, 17, 12:35:00
COAL FOR JAPAN
Japan imported more than 210 million short tons (MMst) of coal in 2018, making it the world’s third-largest coal-importing country after only India and China. Japan continues to use steam coal to fuel one-third of its electricity generation and metallurgical coal for raw steel production.
S.KOREA'S LNG WILL UP
2019, June, 17, 12:30:00
SBERBANK, EUROCHEM, SUEK STRATEGIC PARTNERSHIP
Sberbank, EuroChem Group AG and SUEK JSC announced a strategic co-operation agreement signed at the St. Petersburg International Economic Forum.
S.KOREA'S LNG WILL UP
2019, June, 17, 12:25:00
6 UNDERVALUED ENERGY STOCKS ANEW
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S.KOREA'S LNG WILL UP
2019, June, 17, 12:20:00
GREENHOUSE GAS EMISSIONS 55%
U.N. Secretary-General Antonio Guterres has called on the European Union to aim for a 55% cut in greenhouse gas emissions by 2030, far more than the bloc’s current target for a 40% reduction.
S.KOREA'S LNG WILL UP
2019, June, 17, 12:15:00
RUSSIA'S FUND WILL BE $200 BLN
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S.KOREA'S LNG WILL UP
2019, June, 17, 12:10:00
U.S. RIGS DOWN 6 TO 969
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S.KOREA'S LNG WILL UP
2019, June, 14, 11:20:00
OIL PRICE: ABOVE $61 AGAIN
Brent crude futures were up 23 cents, or 0.4%, at $61.54 a barrel by 0638 GMT, having settled up 2.2% on Thursday. U.S. West Texas Intermediate crude futures were down 1 cent at $52.27 a barrel, after earlier rising. WTI also closed up 2.2% in the previous session, but is on course for a weekly decline of 3.2%.
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