South Korea to raise domestic natural gas price again to reflect LNG import costs

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South Korea will raise domestic natural gas prices for households and commercial users by 7% to 7.7% from July 1 to reflect higher LNG imports costs, the Ministry of Trade, Industry and Energy said June 29. It marks the third hike in natural gas rates this year following a 1.8% rise from April 1 and an 8.4%-9.4% increase from May…