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South Korea to reduce domestic natural gas price by 25% to boost hydrogen production
South Korea to reduce domestic natural gas price by 25% to boost hydrogen production

South Korea to reduce domestic natural gas price by 25% to boost hydrogen production

South Korea is aiming to support the production of hydrogen by slashing the price of domestic natural gas to be used in hydrogen production by 25%.

The South Korean government hope this will accelerate the production of domestic hydrogen which can, int urn, be utilised in hard-to-abate industries for decarbonisation purposes and transportation.

Read more: South Korea to commercialise hydrogen trams from 2023

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