South Korea lowers tax on LNG to boost natural gas use and raises power prices

Tuesday, 19 November 2013

The South Korean government has lowered taxes on LNG to encourage more natural gas use as it raised electricity rates by an average 5.4 percent to lower the country's heavy power use because of concerns over possible blackouts during the peak winter energy season.


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Last modified on Tuesday, 19 November 2013 07:59
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