Kogas’ sales almost flat in January

South Korean LNG importing giant Kogas reported slightly lower gas sales in January when compared to the same month a year ago.

Kogas sold 4.63 million mt last month, a drop of 0.7 percent when compared to 4.66 million mt in January last year, according to a stock exchange filing.

January sales dropped by 7.5 percent when compared to the previous month’s 5.01 million mt.

Purchases by power firms rose by 5.8 percent year-on-year to 1.78 million mt in January. These purchases dropped by 12.5 percent when compared to the previous month.

Moreover, Kogas said its city gas sales decreased by 4.5 percent year-on-year to 2.85 million mt while they also dropped by 4.2 percent when compared to the month before.

South Korean LNG imports rose slightly from 45.9 million tons in 2021 to about 46.3 million tons of LNG in 2022 as prices surged, according to customs data. January data has not yet been released.

Kogas imports LNG from plants located around the globe and currently operates four large LNG terminals in South Korea.

These include Incheon, Pyeongtaek, Tongyeong, and Samcheok. The firm has a small-scale regasification terminal at the Aewol port on Jeju island as well and is building a large terminal in Dangjin.

Kogas recently received the 5000th cargo at its Pyeongtaek LNG import terminal since 1986.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Energy Transfer’s Lake Charles LNG secures DOE extension

Texas-based Energy Transfer has secured a permit extension from the US DOE to start exports from its proposed Lake Charles LNG export facility in Louisiana.

Santos CEO expects Papua LNG FID in early 2026

France's TotalEnergies and its partners plan to take a final investment decision on the Papua LNG export project in Papua New Guinea in the first quarter of 2026, according to Santos CEO Kevin Gallagher.

More News Like This

Trafigura, Kogas seal long-term US LNG supply deal

LNG trader Trafigura has signed a long-term deal to supply US LNG to South Korean importer Kogas.

Doosan clinches Dangjin LNG tank gig from Kogas

South Korea’s Doosan Enerbility has won a contract from compatriot LNG importer Kogas to build three new LNG storage tanks at the latter’s import terminal in Dangjin.

South Korea’s Kogas says July sales drop

South Korean LNG importing giant Kogas said its gas sales decreased by 7.6 percent in July compared to last year.

South Korea gets first LNG Canada cargo

The 174,000-cbm GasLog Glasgow, which is carrying the first liquefied natural gas cargo produced at the Shell-led LNG Canada facility in Kitimat, has arrived in Tongyeong, South Korea, according to shipping data.