S. Korea to cut import surcharge on LNG for power generation


The Ministry of Trade, Industry and Energy said the new rules will cut the levy on the more environment-friendly fuel used for power generation by 84 percent at 3.8 won (US$0.003) per kilogram from the previous 24.2 won.
The lowering of the duties will go into effect starting in April.

Over the upcoming spring, the ministry said it will also partially suspend the operation of 48 coal power plants from at least a week to 45 days over the March-June period, and fully shut down six plants over the period…

An excerpt from Yonhap News Agency