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    Kogas 2018 Gas Sales Up 12.6%

Summary

Company's 2018 gas sales were up 12.6% on 2017.

by: Shardul Sharma

Posted in:

Natural Gas and LNG News, Asia/Oceania, Security of Supply, Corporate, Import/Export, LNG, Infrastructure, News By Country, South Korea

Kogas 2018 Gas Sales Up 12.6%

State-owned Kogas sold 36.219mn metric tons (48bn m³) of natural gas in 2018, up 12.6% year-on-year, it said January 10.

Sales to city gas sector increased 7.7% year-on-year to 19.813mn mt as both residential and industrial consumers bought more, it said. Kogas sold 16.406mn mt of natural gas to power generators, up 19.1% on 2017.

The state-owned company is the one of the world's largest LNG importing entities and operates four receiving terminals in South Korea at Incheon, Pyeongtaek, Tongyeong and Samcheok.

The Incheon terminal is country’s main import facility and imports and regasifies about 36% of South Korea’s LNG, Kogas said last year.