South Korea’s Kogas says June sales rise

South Korean LNG importing giant Kogas continues to boost its gas sales year-on-year and they increased 29.9 percent in June.

Kogas said in a filing to the stock exchange it sold 2.29 million mt last month. This compares to 1.76 million mt Kogas had sold in June last year.

June sales dropped 0.8 percent when compared to the previous month’s 2.31 million mt, the state-owned firm, which has a monopoly in domestic gas sales, said.

Furthermore, purchases by power firms surged 44.5 percent year-on-year to 1.32 million mt in June. These purchases also rose by 13.5 percent when compared to the previous month.

Kogas said its sales to retail gas companies for households and businesses increased 14.1 percent year-on-year to 972,000 mt, while they decreased 15.3 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.

To remind, Qatar Petroleum revealed this week it had entered into a 20-year deal to supply LNG to Kogas.

Under the sales and purchase agreement, QP will deliver 2 million tons per year of LNG to Kogas’ receiving LNG terminals. The supplies will start in 2025.

Most Popular

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

More News Like This

Shell ships first LNG Canada cargo

LNG giant Shell and its partners have shipped the first cargo produced at the LNG Canada facility in Kitimat, on the west coast of Canada.

South Korea’s Kogas ups May sales

South Korean LNG importing giant Kogas said its gas sales rose by 5 percent in May compared to last year.

South Korea’s Kogas boosts April sales

South Korean LNG importing giant Kogas said its gas sales rose by 13.9 percent in April compared to last year.

South Korea’s Komipo, partners launch tender for one spot LNG cargo

Korea Midland Power (Komipo), Korea Southern Power (Kospo), and a unit of SK released a tender inviting firms to submit bids for one spot LNG shipment for delivery in June.