South Korea: Kogas Jan sales climb

South Korea’s Kogas, the world’s largest corporate buyer of LNG, said its sales volume totaled 4.17 million mt in January, a rise of 3.4 percent as compared to the same month last year.

Sales into the power sector were at 1.52 million mt, a drop of 2.7 percent, while the company’s city gas sales rose 7.4 percent on year to 2.65 million mt, Kogas said in a filing to the stock exchange on Monday.

The company’s gas sales in December were at 3.49 million mt, down 22.8 percent as compared to the previous year.

South Korea imports liquefied natural gas via the Pyeongtaek, Incheon and Tongyeong facilities.

The county is also building the fourth LNG import terminal at Samcheok. Kogas in December completed the first phase of the LNG receiving terminal located some 250 kilometers east of Seoul.

LNG World News Staff