Kogas logs higher sales in September

South Korean LNG importing giant Kogas said its September gas sales rose 12 percent on the back of higher demand in the power generation sector.

Kogas sold 2.24 million mt last month. This compares to about 2 million mt Kogas had sold in September last year, according to a stock exchange filing.

However, September sales dropped 1.7 percent when compared to the previous month’s 2.28 million mt, the state-owned firm said.

Purchases by power firms rose almost 20 percent year-on-year to 1.32 million mt in September. These purchases also declined by 4.8 percent when compared to the previous month.

Also, Kogas said its sales to retail gas companies for households and businesses increased 2.3 percent year-on-year to 927,000 mt, while they also rose 3.1 percent compared to the month before.

Kogas currently operates four large-scale LNG terminals, namely Incheon, Pyeongtaek, Tongyeong, and Samcheok, as well as a small-scale regasification terminal at the Aewol port on Jeju island. The LNG importer is building a large terminal in Dangjin as well.

Besides the LNG business, Kogas also has big plans for hydrogen. The firm aims to supply 830,000 tons of hydrogen per year by 2030, including importing green hydrogen from overseas from countries such as Australia.

- Advertisements -
spot_img

Most Popular

Greenpeace activists write a message on Croatian FSRU

Greenpeace activists wrote a message on Monday on the starboard side of the 140,000-cbm LNG Croatia FSRU located at...

Qatargas kicks off work on four giant LNG trains

LNG producer Qatargas, a unit of QatarEnergy, said it has started construction on four giant LNG trains in the...

Denmark’s Celsius charters LNG carrier quartet to Gunvor’s unit

Denmark’s Celsius Tankers, a unit of Celsius Shipping, has signed charter deals for its four LNG newbuilds with Clearlake...

More News Like This

Vietnam OKs $2.3 billion LNG-to-power project

Vietnam has given the green light to a new LNG-to-power project in the central province of Quang Tri, as...

Port of Incheon says South Korea’s first LNG-powered tug starts work

South Korea's Incheon port said the country's first LNG-powered tug has started operations in the port located west of...

South Korea’s Kogas reveals big hydrogen plans

South Korean LNG importing giant Kogas has revealed ambitious plans for its hydrogen business as it aims to reach...

Kogas, GGGI ink green hydrogen pact

South Korean LNG importing giant Kogas has signed a memorandum of understanding with the Global Green Growth Institute (GGGI)...