Seoul — South Korean state-owned Korea Gas Corporation’s LNG sales rose 10.5% year on year in July, driven by strong demand for power generation, company officials said Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Kogas, which has a monopoly on domestic natural gas sales, sold 2.36 million mt last month, compared with 2.135 million mt a year earlier. It marked the eighth consecutive month of increase in the company’s LNG sales since December. But the 10.5% rise in July was a slowdown compared with a 15.3% jump in June and 35.1% gain in May that marked the biggest increases since April 2010. The July sales were up 6.1% from 2.224 million mt in June. The company’s LNG sales are expected to keep strong in August on the back of a record heat wave, which would boost operation of gas-fired power plants, according to […]

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