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.

- Advertisements -

Most Popular

South Korean yards built 500 LNG carriers for export in 30 years

South Korean yards have completed 500 liquefied natural gas (LNG) tankers for export since 1994, according to the Ministry...

Report: Egypt’s EGAS charters Hoegh LNG’s FSRU

The Egyptian Natural Gas Holding Company (EGAS) has chartered Hoegh LNG's floating storage regasification and storage unit, Hoegh Galleon,...

MARAD: Delfin needs to submit amended application for FLNG project

The US Maritime Administration (MARAD) said that Delfin LNG needs to file an amended application for its floating LNG...

More News Like This

South Korea’s Kogas boosts gas sales in March

South Korean LNG importer Kogas boosted its gas sales in March, the first monthly increase since August last year. State-owned...

Kogas inks South Korean LNG pump deal

South Korean LNG importing giant Kogas has signed a deal with compatriot Hyundai Heavy Industries Turbomachinery to support the...

Kogas logs lower sales in February

South Korean LNG importer Kogas reported lower gas sales in February compared to the same month in the year...

Woodside, Kogas seal long-term LNG supply deal

Australian LNG player Woodside has signed a long-term LNG supply deal with South Korean importer Kogas. The sales and purchase...