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Import duty on LNG will be reduced to 3 cents per kilo, down 84 percent from current cost

2019-03-19 2 Dailymotion

As part of efforts to reduce fine dust, the South Korean government will drastically lower the import duty on liquified natural gas starting next month. <br />The Ministry of Trade, Industry and Energy announced on Tuesday,... the current import duty of twenty U.S. cents per kilogram of LNG will be reduced to around 3 cents, down eighty-four percent.<br />On the other hand, the import duty on coal will be increased from the current 30 cents to around 40 cents. <br />The government estimates the move will reduce fine dust emissions by around 4-hundred tons a year. <br /><br />

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