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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World S.Korea KOGAS says Dec LNG imports up 12 pct Reuters - 1 hour 1 minute ago Send IM Story Print * KOGAS sells 4.1 million tonnes last month * Of the total, 1.7 million tonnes sold for power generation * S.Korea marks record-high power demand again Monday SEOUL, Jan 10 - South Korea's state-owned Korea Gas Corp <036460.KS> said on Monday it sold 4.1 million tonnes of liquefied natural gas in December, up 12 percent from a year earlier. Of the total, 2.4 million tonnes were for household and business consumption, while the remainder went to power generation, KOGAS, the world's biggest corporate buyer of LNG and South Korea's sole wholesaler, said in a filing with the stock exchange. "LNG sales for power generation in particular rose sharply this year, largely because of the harsh cold," Yang Ji-hwan, an analyst at Daishin Securities said. "I see this upward trend to continue until this year," he said. Electricity demand in South Korea marked a record-high of 71.8 million kilowatts Monday, offsetting the previous record of 71.4 million kilowatts set last Friday because of a severe cold spell and economic recovery, the government said. [ID:nTOE70606C] LNG imports by South Korea, the world's No. 2 buyer after Japan, rose strongly in November, driven by power demand to fuel a rebound in Asia's fourth largest economy. [ID:nTOE6BE00D] Import figures for December will be available on Jan. 15. South Korea's economy is expected to grow by about 5 percent in 2011, unchanged from its previous forecast released in June, the government said last month. [ID:nSUL000209] (Reporting by Yeojung Chang and Cho Mee-young; Editing by Ken Wills) Recommend Send IM Story Print Related Articles Thai PTT expects consolidation plan to be ready Q1 Reuters - 22 minutes ago Indonesia's Matahari says not selling hypermarkets AFP - 22 minutes ago U.S. wants makers of Chinese drywall to fix U.S. homes Reuters - 27 minutes ago MARKET EYE-Artson Engg shares jump 6 pct on order win Reuters - 28 minutes ago US-BUSINESS Summary Reuters - 32 minutes ago News Search Top Stories NY subway riders shed trousers, skirts, modesty Virgin withholds Heathrow fees over snow chaos Germany denies plan to press Portugal to seek bailout Beckhams expecting fourth child Victoria and David Beckham expecting fourth child More Top Stories » ADVERTISEMENT Most Popular Most Viewed Falling blackbirds baffle Arkansas officials Hasta la Vista: Arnie quits as California governor Goldman deal 'values Facebook at $50 billion' Spain lotto winner nearly loses millions by tossing tickets Brazil's 2010 trade surplus lowest in 8 years: official More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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