South Korea’s Kogas logs higher April sales

South Korean LNG importer Kogas continues to boost its gas sales year-on-year and they increased 22.4 percent in April.

Kogas said in a filing to the stock exchange it sold 2.76 million mt last month.

April sales dropped 19.7 percent when compared to the previous month’s 3.44 million mt, the state-owned firm, which has a monopoly in domestic gas sales, said.

Moreover, purchases by power firms surged 74.7 percent year-on-year to 1.41 million mt in April. They decreased 9.5 percent when compared to the previous month.

Kogas said its sales to retail gas companies for households and businesses dropped 6.8 percent year-on-year to 1.35 million mt, while they decreased 28.2 percent compared to the month before.

The firm currently operates four large-scale LNG terminals, namely Incheon, Pyeong-Taek, Tong-Yeong, and Samcheok, as well as a small-scale regasification terminal at the Aewol port on Jeju island. The LNG importer plans to build a large terminal in Dangjin as well.

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