Cold weather pushes up Kogas’ domestic sales in January

South Korean LNG importing giant Kogas boosted its gas sales in January as power demand increased due to cold weather.

Kogas said in a filling to the stock exchange this week it sold 4.95 million mt last month, a rise of 20.1 percent compared with 4.11 million mt a year earlier.

In addition, January sales also increased 9.1 percent when compared to the previous month’s sales of 4.53 million mt, the state-owned firm, which has a monopoly in domestic gas sales, said.

Purchases by power firms rose 16.2% year-on-year to 1.87 million mt, but they also logged a 3.9 percent increase when compared to December.

Moreover, Kogas said its sales to retail gas companies for households and businesses also increased 22.6% year-on-year to 3.07 million mt, while they rose 3.9% compared to the month before.

In the January-December period, Kogas sold about 32.3 million mt, down some 3.7% when compared to 2019.

Kogas currently operates four large-scale LNG terminals, namely Incheon, Pyeong-Taek, Tong-Yeong, and Samcheok, but the firm also has a small-scale regasification terminal at the Aewol port on Jeju island.

The LNG importer is also planning a large terminal in Dangjin.

- Advertisements -

Most Popular

Golden Pass LNG contractor Zachry files for bankruptcy

US construction company Zachry said on Tuesday it has filed for bankruptcy, initiating a structured exit from the Golden...

Hoegh LNG: commissioning of Brazilian FSRU completed

Commissioning of the FSRU Hoegh Giant which serves Cosan's LNG import terminal in Brazil's port of Santos has been...

Kinder Morgan secures more time for Gulf LNG export project

US energy company Kinder Morgan and its partners have secured more time from the US FERC to add liquefaction...

More News Like This

South Korea’s Kogas reports lower sales in April

South Korean LNG importer Kogas reported lower gas sales in April compared to the same month in the year...

South Korea’s Kogas raises roof on giant Dangjin LNG tank

South Korean LNG importer Kogas has completed lifting the roof on the first 270,000-cbm tank at its LNG import...

BP, Kogas ink new long-term LNG supply deal

UK-based energy giant BP has signed a new long-term liquefied natural gas (LNG) sale and purchase deal with South...

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...