LNG

South Korea, the world’s third-largest liquefied natural gas importer, is feeling the impact of increasing LNG prices and has just continued a freeze on power prices into the third quarter of 2021.

South Korea, the world’s third-largest liquefied natural gas importer, said it planned to sharply reduce the import surcharge imposed on LNG in line with the government's efforts to increase natural gas use at the expense of coal to reduce serious air pollution.