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Sat, Feb

South Korea’s Kogas logs lower sales

World Maritime

State-owned Kogas sold 3.96 million mt last month, down 2.9 percent from 4.08 million mt in December 2023, the firm said in a stock exchange filing. December sales were higher than the previous

operates 77 LNG storage tanks at five LNG import terminals in South Korea.

The large terminals include Incheon, Pyeongtaek, Tongyeong, and Samcheok, while the firm has a small-scale regasification terminal at the Aewol port on Jeju island as well.

In addition to these facilities, the firm is building a large terminal in the western port city of Dangjin and expects to launch the first phase in 2025.

In August, Kogas completed lifting the roofs on all four 270,000-cbm tanks at its Dangjin LNG import facility.

Official data for South Korean LNG imports in December of this year has not yet been released.

According to customs data, South Korean LNG terminals took 42.05 million mt in January-November, a rise from 39.14 million mt in the same period in 2023.

Australia was the biggest supplier during the period, with 10.53 million mt of LNG, followed by Malaysia with 5.39 million mt and Oman with 4.22 million mt, the data shows.

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Original Source LNGPrime

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Original Source LNGPrime

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