Thursday, 2 August 2018

South Korea plans tax cuts to boost LNG use for power generation

Kogas LNG import terminal Kogas LNG import terminal

The Government of South Korea is planning to cut natural gas taxes by 74% and raise taxes on the use of thermal coal for power generation by 27% next year. The move is aimed at reducing the country's heavy reliance on coal for power generation and shift towards cleaner-burning gas, government officials.

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