MNI: PBOC Net Drains CNY195.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1868 Weds; -2.18% Y/Y

MNI China Daily Summary: Tuesday, December 24

MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%

MNI: PBOC Net Drains CNY291.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Tues; -2.11% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

MNI: US DEC PHILADELPHIA FED NONMFG INDEX -6

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: Korea Gas’ LNG Sales Suffer Sharp Decline on Mild Winter: Platts

LNG
Energy BulletsBulletSouth KoreaPower BulletsAPACCommodities

Korea Gas’ LNG sales in November fell 13.9% from a year earlier, which marks the sharpest decline in a year due to weak demand for heating and power production, Platts said.

  • Kogas has a monopoly in domestic Korean natural gas sales and sold 2.761m mt of LNG last month, compared to 3.103m mt a year earlier, the company said.
  • Kogas did not disclose how much LNG it sold for the first 11 months, but Platts estimates it had sold a total of 30.226m mt Jan-Nov, down 1.1% on the year.
  • Korea’s LNG demand is unlikely to rebound in the peak winter season as the government plans to maximise nuclear power plant operations to boost electricity supply.
  • Five nuclear reactors with a combined capacity of 4.5 GW are currently offline for maintenance, accounting for 17.3% of the country’s overall nuclear capacity.
  • South Korea imported 38.06m mt of LNG over Jan-Oct, up 7.5% on the year.
150 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Korea Gas’ LNG sales in November fell 13.9% from a year earlier, which marks the sharpest decline in a year due to weak demand for heating and power production, Platts said.

  • Kogas has a monopoly in domestic Korean natural gas sales and sold 2.761m mt of LNG last month, compared to 3.103m mt a year earlier, the company said.
  • Kogas did not disclose how much LNG it sold for the first 11 months, but Platts estimates it had sold a total of 30.226m mt Jan-Nov, down 1.1% on the year.
  • Korea’s LNG demand is unlikely to rebound in the peak winter season as the government plans to maximise nuclear power plant operations to boost electricity supply.
  • Five nuclear reactors with a combined capacity of 4.5 GW are currently offline for maintenance, accounting for 17.3% of the country’s overall nuclear capacity.
  • South Korea imported 38.06m mt of LNG over Jan-Oct, up 7.5% on the year.