Kogas sales inch up in July

South Korean LNG importer Kogas reported a slight increase in its July gas sales when compared to the same month a year ago.

Kogas sold 2.59 million mt last month, a rise of 0.6 percent when compared to about 2.57 million mt in July last year, according to a stock exchange filing.

July sales rose by 4.3 percent when compared to the previous month’s 2.48 million mt.

Purchases by power firms dropped by 2.7 percent year-on-year to 1.58 million mt in July. These purchases increased by 7.5 percent when compared to the previous month.

Moreover, Kogas said its sales to retail gas companies for households and businesses rose by 6.2 percent year-on-year to 1.01 million mt, almost flat when compared to the month before.

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, but the firm has a small-scale regasification terminal at the Aewol port on Jeju island as well.

On top of these facilities, the LNG importer is building a large terminal in Dangjin.

In parallel with LNG, the firm is developing its hydrogen business. It aims to utilize its LNG infrastructure and knowledge gained in the LNG industry over the years to develop a hydrogen production and supply chain.

Most Popular

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.

QatarEnergy LNG carrier named in China

China’s Hudong-Zhonghua hosted a naming ceremony for one 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

More News Like This

South Korea’s Kogas reports lower sales

South Korean LNG importing giant Kogas said its gas sales dropped by 3.8 percent in March compared to last year. South Korean LNG imports rose last month year-on-year.

South Korea’s Kogas boosts sales in February

South Korean LNG importing giant Kogas said its gas sales rose 20.4 percent in February compared to the same month last year.

South Korea’s Kogas logs lower sales in January

South Korean LNG importing giant Kogas said its gas sales in January decreased compared to the same month last year.

South Korea’s Kogas logs lower sales

State-owned Kogas sold 3.96 million mt last month, down 2.9 percent from 4.08 million mt in December 2023, the firm said in...