South Korea’s Kogas reports lower sales in November

South Korean LNG importing giant Kogas reported lower gas sales in November when compared to the same month a year ago.

Kogas sold 3.20 million mt last month, a drop of 4.7 percent when compared to November last year, according to a stock exchange filing.

November sales rose by 23.3 percent when compared to the previous month’s 2.60 million mt.

Purchases by power firms rose by 6.4 percent year-on-year to 1.61 million mt in November. These purchases rose by 17.2 percent when compared to the previous month.

Moreover, Kogas said its sales to retail gas companies for households and businesses decreased by 13.9 percent year-on-year to 1.59 million mt while they rose by 30.2 percent when compared to the month before.

South Korean LNG imports dropped slightly from 38.2 million tons in the January-October period last year to about 38.1 million tons of LNG in the same period this year as prices surged, according to customs data. November 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.

Most Popular

Venture Global kicks off CP2 LNG site work

US LNG exporter Venture Global said it had initiated full mobilization and started site work at the company’s third LNG export facility, CP2 LNG.

Purus orders LNG carrier in South Korea

London-based Purus Marine has ordered one 180,000-cbm liquefied natural gas (LNG) carrier in South Korea.

Excelerate advances Vietnam LNG talks

US FSRU player Excelerate Energy is moving forward with its plans to supply Vietnam with liquefied natural gas (LNG) supplies from the US.

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.