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 same month a year ago.

Kogas sold 2.29 million mt last month, a rise of 0.4 percent when compared to about 2.28 million mt in August last year, according to a stock exchange filing.

August sales dropped by 11.5 percent when compared to the previous month’s 2.59 million mt.

Purchases by power firms decreased by 1.1 percent year-on-year to 1.37 million mt in August. These purchases dropped by 13.2 percent when compared to the previous month.

Moreover, Kogas said its sales to retail gas companies for households and businesses reached 924,000 mt, down by 8.8 percent when compared to the month before and up by 2.2 percent year-on-year.

South Korean LNG imports dropped from 30.6 million tons in the January-August period last year to about 29.8 million tons of LNG in the same period this year as prices surged, according to customs data.

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.

In parallel with LNG, Kogas 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

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...