SEOUL, March 31 (Korea Bizwire) — Prices of liquefied natural gas (LNG) in South Korea will increase nearly 2 percent in April due to rising international energy prices, the industry ministry said Thursday. LNG rates for households, restaurants, hotels and other commercial users will go up by an average 1.8 percent on April 1, according [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korea will promote the liquefied natural gas (LNG) bunkering industry, which is expected to gain strong growth momentum thanks to tougher international environmental regulations. The Ministry of Trade, Industry and Energy announced that a revised Urban Gas Business Act which includes a newly-created category for LNG bunkering businesses, [...]
SEOUL, Mar. 19 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it will sharply reduce the import surcharge imposed on liquefied natural gas (LNG) in line with the government’s efforts to control fine dust pollution. The Ministry of Trade, Industry and Energy said the new rules will cut the levy on the more environment-friendly [...]
JEJU, South Korea, April 28 (Korea Bizwire) – A ceremony was held here Thursday for the construction of liquefied natural gas (LNG) storage facilities and distribution pipelines that aim to provide the southern resort island with a cleaner source of power by mid-2019. The work involves building two storage tanks and pipelines capable of distributing 120 tons of LNG per hour on 74,786 square meters of reclaimed [...]