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>

<< Aug 2019 >>
MTWTFSS
29 30 31 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

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >