South Korea’s Kogas logs higher February sales

South Korean LNG importing giant Kogas reported a rise in its February gas sales, following a drop in the previous two months.

Kogas sold 4.15 million mt last month, up 11.5 percent when compared to about 3.72 million mt Kogas had sold in February 2021, according to a stock exchange filing.

February sales decreased by 10.3 percent when compared to the previous month’s 4.63 million mt.

Purchases by power firms rose by 7.8 percent year-on-year to 1.55 million mt in February. These purchases declined by 5.6 percent when compared to the previous month.

Furthermore, Kogas said its sales to retail gas companies for households and businesses rose by 13.9 percent year-on-year to 2.60 million mt, while they dropped by 12.9 percent compared to the month before.

Kogas currently operates four large-scale LNG terminals, namely Incheon, Pyeongtaek, Tongyeong, and Samcheok, as well as a small-scale regasification terminal at the Aewol port on Jeju island. The LNG importer is building a large terminal in Dangjin as well.

South Korean LNG imports rose almost 15 percent in 2021 to about 45.9 million mt, according to customs data.

Kogas and other importers paid about $25.4 billion for these LNG imports, up almost 62 percent year-on-year, the data showed.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

South Korea’s Kogas reports lower February sales

South Korean LNG importing giant Kogas reported lower gas sales in February when compared to the same month last...

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...

South Korea’s Kogas gets 5000th cargo at Pyeongtaek LNG import terminal

South Korean LNG importing giant Kogas said it had received the 5000th cargo at its Pyeongtaek LNG import terminal...

South Korea’s Kogas boosts December sales

South Korean LNG importing giant Kogas reported higher gas sales in December when compared to the same month a...