South Korea’s Kogas October LNG sales jump

South Korea's Kogas October LNG sales jump
Image courtesy of Kogas

South Korean state-owned Korea Gas reported a year-on-year jump of 37.9 percent in liquefied natural gas (LNG) sales during the month of October.

The company sold 2.59 million tons of the chilled fuel which compares to the 1.87 million ton in the corresponding month in 2017.

It is the 11th consecutive month that Kogas’ LNG sales have been rising and was the largest YoY jump since the 49.8 percent rise in April last year.

Compared to the previous month, October LNG sales jumped 40.76 percent.

Of the total sales in October, LNG sales to the power generation sector rose 52 percent to 1.22 million tons.

City gas sales reached 1.36 million tons in the month under review, 27.4 percent above the corresponding month in 2017.

Kogas operates in total 72 LNG storage tanks in South Korea. It imports about 96 percent of Korea’s LNG demand via its four terminals, namely Incheon, Pyeongtaek, Tongyeong and Samcheok.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >