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    Kogas' December Gas Sales Up 20% on Year

Summary

Korea's state-owned Kogas has said its natural gas sales in December 2017 were 4.59mn metric tons LNG equivalent, up 20.1% year on year.

by: Shardul Sharma

Posted in:

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

Kogas' December Gas Sales Up 20% on Year

South Korean state-owned Korea Gas Corporation (Kogas) said January 10 its natural gas sales in December 2017 were the LNG equivalent of 4.59 million metric tons, up 20.1% year on year.

Sales to household and business segment were 20.8% higher at 2.8mn mt, while sales to power generation segment were at 1.78mn mt, up 19.1% year on year.

Kogas is the world's second biggest LNG import company and South Korea’s largest gas supplier.

Earlier this month, LNG import estimates from S&P Global Platts showed that China (37.89mn mt) had overtaken South Korea (36.51mn mt) in full year 2017 to become the world's second largest LNG import nation for the first time, after Chinese imports increased by just over 48% year on year. The Chinese volume is still less than half of Japan's annual LNG imports.