South Korean Kogas’ LNG imports inch up on year to 12.61 mil mt LNG in Q1

14 May 2014   South Korea

South Korea’s state-owned Korea Gas Corp imported 12.61 million mt of LNG in the first quarter, up 0.5% from 12.55 million mt a year earlier, the company said in a statement Wednesday. All of the volumes were imported under long-term contracts. Kogas has term contracts for 10.02 million-11.02 million mt/year from Qatar, 4 million mt/year from Malaysia, 4 million mt/year from Oman, 3 million mt/year from Indonesia, 1.5 million mt/year from Russia’s Sakhalin, 1.3 million mt/year from Egypt, 0.7 million mt/year from Brunei and 0.5 million mt/year from Australia, according to the company. The company plans to import an additional 7.1 million mt/year from Australia from 2015 and another 2 million mt/year from 2018, as well as 3.5 million mt/year from the Sabine Pass terminal in Louisiana from 2017. Kogas’ domestic natural gas sales totaled 11.57 million mt in Q1, down 5.5% from 12.24 million mt in the same […]

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