Kogas April LNG Sales Down

South Korea’s Kogas, the world’s largest corporate buyer of LNG, said its LNG sales volume totaled 2.68 million tons in April, down 16.5 percent compared to the same month in 2013.

The company sold 38.68 million mt of LNG last year, compared to 36.55 million mt in 2012.

Kogas recently sold 5 percent of its stake in LNG Canada to Shell as part of efforts to reduce the company’s debts. The company plans to cut 10.5 trillion won in debt by 2017 through asset sales and the reorganization of business operations.

LNG World News Staff, May 13, 2014; Image: Kogas

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