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.

- Advertisements -

Most Popular

Atlantic LNG freight rates hit new record

Spot charter rates for the global LNG carrier fleet in the Atlantic basin have reached a new record high,...

Excelerate to splash about $332 million on FSRU order in South Korea

Excelerate Energy will pay about $332 million for a floating storage and regasification unit (FSRU) it ordered at South...

Excelerate orders FSRU at Hyundai Heavy

US floating LNG player Excelerate Energy has ordered a floating storage and regasification unit (FSRU) at South Korea’s Hyundai...

More News Like This

KRISO: South Korea’s first coastal LNG bunkering ship named

South Korea's EK Heavy Industries has held a naming ceremony for the country's first coastal LNG bunkering ship, according...

South Korea’s Kogas reports slightly higher sales in August

South Korean LNG importing giant Kogas reported a slight increase in its August gas sales when compared to the...

South Korea, Oman strengthen LNG ties

South Korea and Oman agreed to continue to cooperate closely on LNG supplies and the energy sector amid a...

South Korea’s Kogas, Matrix pen hydrogen pact

South Korean LNG importing giant Kogas has signed a memorandum of understanding with US contractor Matrix Service to work...