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 a year ago.

Kogas sold 4.63 million mt last month, a drop of 0.7 percent when compared to 4.66 million mt in January last year, according to a stock exchange filing.

January sales dropped by 7.5 percent when compared to the previous month’s 5.01 million mt.

Purchases by power firms rose by 5.8 percent year-on-year to 1.78 million mt in January. These purchases dropped by 12.5 percent when compared to the previous month.

Moreover, Kogas said its city gas sales decreased by 4.5 percent year-on-year to 2.85 million mt while they also dropped by 4.2 percent when compared to the month before.

South Korean LNG imports rose slightly from 45.9 million tons in 2021 to about 46.3 million tons of LNG in 2022 as prices surged, according to customs data. January data has not yet been released.

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.

Kogas recently received the 5000th cargo at its Pyeongtaek LNG import terminal since 1986.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Wilhelmshaven LNG jetty ready to welcome Excelerate’s FSRU

Dutch marine contractor Van Oord announced on Monday it had completed the new jetty for its client, state-owned LNG...

More News Like This

South Korea’s Kospo seeks one spot LNG cargo

Korea Southern Power (Kospo) has released a tender inviting firms to submit bids for one spot LNG shipment for delivery in July 2025.

South Korean LNG terminal secures $815 million loan

South Korea's BS Hanyang and GS Energy have secured a 1.1 trillion won ($815 million) loan for their Northeast Asia LNG hub terminal in Yeosu.

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.