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South Korea asks state gencos to cut import of Russian coal: sources

September 12, 2023 Comments Off

South Korea’s federal government has asked its state-owned power generating companies, or gencos, to curtail coal imports from Russia, mainly through spot market deals, several sources told S&P Global Commodity Insights. The development, which was an outcome of a recent meeting between government officials and power companies, may limit Russian fuel intake and in turn create higher spot demand for…