Tag: lpg

lpg

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A gas station in Seoul on April 22 [YONHAP]

Gov't to more than double tax cuts on LPG butane to reduce fuel cost burdens

The government announced on Thursday that it will more than double fuel tax cuts on liquefied petroleum gas (LPG) butane products starting next month in a bid to lower the cost burden on consumers.

2026.4.23

HD Korea Shipbuilding & Offshore Engineering's shipyard in Ulsan is seen in this file photo from March 26, 2023. [YONHAP]

HD Hyundai Samho wins $232 million LPG ship order from Greece

HD Hyundai Samho Heavy Industries said Friday it has secured a 349.8 billion-won ($232 million) order to build two liquefied petroleum gas (LPG) carriers for a shipping company in Greece.

2026.4.3

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Gasoline is being sold for 1,549 won ($1.10) per liter at a gas station in Seoul on April 21. [NEWS1]

Gas prices to rise as government trims fuel tax cut through June

The Ministry of Economy and Finance has said that it will extend the cut in fuel taxes through to the end of June, while partially scaling back the level of the reduction, which will result in a 40 won ($0.03) increase in gas prices starting May 1.

2025.4.22

A VLGC vessel built by HD Hyunda Heavy Industries under sea trial [HD HYUNDAI]

HD KSOE secures $230.5 million gas carrier deal for European shipper

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) inked a contract with a European shipping company for two very large gas carriers (VLGC) at 303.2 billion won ($230.5 million), marking the first contract of the year 2024.

2024.1.5

SK Gas CEO Yoon Byung-suk, who talked about the company’s necessary expansion into the hydrogen energy business in an interview with the Joongang Ilbo on Friday. [KIM JONG-HO]

[INTERVIEW] SK Gas CEO urges gradual shift to renewable energy

Despite rapid growth in the EV market, the world is still heavily reliant on nonrenewable energy. SK Gas CEO Yoon Byung-suk stresses the importance of a gradual move towards environmentally friendly power in an interview with the JoongAng Ilbo.

2023.11.22

Hyundai LNG Shipping's gas carrier, HLS Diamond [HYUNDAI LNG SHIPPING]

Maritime industry fears foreign purchase of Hyundai LNG

The potential sale of Hyundai LNG Shipping to a foreign company has sparked concerns in Korea's maritime industry due to the potential impact on the nation's energy security.

2023.5.9

A 200,000-cubic meter liquefied natural gas (LNG) carrier built by HD Hyundai Heavy Industries [HD HYUNDAI]

HD KSOE wins multiple contracts worth $2.1 billion for gas carriers

HD Korea Shipbuilding & Offshore Engineering (KSOE) won 2.79 trillion won ($2.3 billion) worth of orders from multiple clients in Europe, Oceania and Asia to build 12 gas carriers.

2023.5.2

A 406-megawatt steam turbine generator installed at SK gas' Ulsan GPS power plant is currently under construction. [SK GAS]

Dual-fuel plant in Ulsan the bridge to future of SK gas

SK gas will pour about 2 trillion won ($1.5 billion) into shifting its focus from its previous LPG business to LNG and hydrogen until 2026, according to Yoon Byung-suk, SK gas CEO, on Wednesday.

2023.4.28

Disaster in Daegu

An explosion at an LPG station in Seo District, Daegu, nearly 240 kilometers (150 miles) southeast of Seoul, on Wednesday afternoon injured at least eight people.

2022.11.16

A driver pumps gas into a car at a gas station in Seoul on Tuesday. Since Russia's invasion of Ukraine, global liquefied petroleum gas (LPG) prices have soared, also affecting local prices. LPG distributors E1 and SK Gas announced they will both increase LPG prices by 60 won (5 cent) per kilogram starting Tuesday. A kilogram of E1's commercial LPG now retails for 1,387.8 won, up 4.5 percent, and 1,389.36 won for SK Gas, up 3.7 percent. [YONHAP]

Ripples of war

Since Russia's invasion of Ukraine, global liquefied petroleum gas (LPG) prices have soared, also affecting local prices. LPG distributors E1 and SK Gas announced they will both increase LPG prices by 60 won (5 cent) per kilogram starting Tuesday.

2022.3.1