News

  • South Korea raises retail natural gas prices 3% on higher LNG import costs - 03/01/17 -

    South Korea has raised retail natural gas prices for households and industry by an average of 3.1% from March 1 to reflect higher LNG import costs, the Ministry of Trade, Industry and Energy said Wednesday. "International oil prices have increased, boosting LNG import costs, so the government has decided to raise...

  • Korea Gas : Kogas interested in US shale gas - 02/20/17 -

    Korea Gas Corp (Kogas), the world’s No.2 buyer of liquefied natural gas (LNG), would be "interested" in participating in US shale gas projects, with such investment curbing any potential trade pressure on South Korea from the US government.US President Donald Trump, who has dropped out of the 12-nation Trans-Pacific Partnership...

  • South Korea to shut 10 ageing coal-fired power plants by 2025 - 07/05/16 -

    South Korea plans to shut 10 ageing coal-fired power plants by 2025, as Asia's fourth-largest economy seeks to cut its reliance on dirtier fuels after a pledge at last year's Paris climate summit to reduce greenhouse gas emissions. Coal accounts for 40 percent of South Korea's electricity supplies, but in a...

  • South Korea to liberalise LNG imports in 2025 - 06/17/16 -

    The South Korean government plans to allow third parties to import their own LNG independent of current monopoly distributor KOGAS starting in 2025, according to a government statement. The move comes amid a major restructuring of the country’s energy sector announced by the Ministry of Strategy and Finance. The overall change...