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UPDATE 1-South Korea's KOGAS asks for LNG cargo delays as demand tanks - sources [Reuters]

Korea Electric Power Corporation (KEP) 
Company Research Source: Reuters
UPDATE 1-South Korea's KOGAS asks for LNG cargo delays as demand tanks - sources * KOGAS Jan-Feb domestic sales down 2.5% yr/yr -data * Komipo and POSCO jointly buy spot cargo for May -sources (Adds detail) By Jessica Jaganathan SINGAPORE, April 8 (Reuters) - State-run Korea Gas Corp (KOGAS), South Korea’s top buyer of liquefied natural gas (LNG), has asked for some cargo deliveries to be deferred, four industry sources said. Details of the cargo deferrals could not immediately be confirmed, while a KOGAS spokesman declined to comment. KOGAS has cited high inventory levels due to the coronavirus outbreak hitting downstream demand as a reason to ask for the deferrals, one of the sources familiar with the matter told Reuters. It was not immediately clear if the suppliers had agreed to defer cargoes. South Korea is the world’s third largest LNG importer, so any potential fall in imports could hurt spot prices which fell to a record low last week. LNG-AS While the country has largely mana Show less Read more
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