In July, KOGAS and the Busan Port Corporation (BPC) signed an agreement to jointly study the feasibility of developing a floating LNG bunkering terminal, as part of a broader move to make LNG available as an alternative shipping fuel ahead of the IMO’s cap on sulphur content in global bunker fuels at 0.5% in 2020. KOGAS’ LNG sales rose 10.5% y-o-y in July to 2.36mn tonnes, with favourable policies and the temporary closure of several aging nuclear plants, driving stronger sales to both power generators and industrial end-users.

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