State-run Korea Gas Corp. (Kogas) is expanding its global presence in the liquefied natural gas market with its robust technologies and overseas networks. The company is currently participating in 25 global projects in 13 nations, including the exploration, development and production of natural gas. It also includes liquefaction of LNG and the construction and operation of gas pipelines and terminals overseas. Last year, Kogas sold 36 million tons of LNG in Korea after purchasing from Qatar

Korea Gas Corp. said Wednesday it is carrying out activities to improve workplace safety and prevent industrial accidents, along with regional communities and partner companies. The state-run natural gas company designates the fourth day of every month as the “day of safety inspections.” On the day, it holds campaigns to improve safety awareness among its employees and the public, in collaboration with regional governments and public organizations. It has also formed a team of 1

Korea Gas Corp. is to set aside 4.7 trillion won ($4.06 billion) to build hydrogen infrastructure and develop related technologies by 2030 as part of the nation’s push toward next-generation energy, according to the state-run natural gas company on Sunday. Kogas’ hydrogen plan comes as a follow-up to the Moon Jae-in administration’s hydrogen road map unveiled in January, which aimed to produce 6.2 million hydrogen-powered cars and distribute 15-gigawatt fuel cells for power generation by 2040. K

Korea Gas Corp. is seeking to take the lead in the global liquefied natural gas market on the strength of its solid leadership in the South Korean market and continued investment at home and abroad.The state-run company currently provides natural gas to more than 90 percent of the nation with its 72 natural gas storage facilities and pipes measuring a combined 4,848 kilometers in length.  Kogas’ offshore project in Myanmar (Kogas)Kogas is now expanding its business in the global market and is pa

South Korea may have to pay around 200 billion won ($175.9 million) annually for transit fees to North Korea if it imports Russian natural gas via a trans-Korea pipeline, an estimate by the state-run gas firm showed Tuesday.   The Korea Gas Corp. calculated the transit fees at the request of Rep. Kwak Dae-hoon of the Liberty Korea Party, as the long-sought-after project has reappeared amid a mood of rapprochement on the Korean Peninsula.   KOGAS and Russian gas giant Gazprom have resumed joint s

A law professor said Tuesday that South Korea should consider restricting imports of US liquefied natural gas in response to US safeguard measures.Choi Won-mok, a law professor at Ewha Womans University, also said South Korea could move to impose higher tariffs on US liquefied natural gas.Currently, South Korea puts no tariff on US LNG under their bilateral free trade deal, except for a 2 percent tariff during the October-March period every year, according to the Korea Customs Service.Choi made

South Korean energy companies are resisting a recent government decision to impose a huge tariff on steel giant POSCO for its imports of low-priced liquefied natural gas, industry sources said Tuesday.The backlash comes after the Korea Customs Service informed the country's leading steelmaker on Nov. 30 that it should pay 170 billion won ($156 million) in back tariffs for underreporting the price of LNG imported from Indonesia from 2012-16.The KCS has reportedly decided to impose the tariff, bel

State-run public utility firm Korea Electric Power Corp., and other public utility corporations, offered support to the 2018 PyeongChang Winter Olympics by signing a sponsorship deal and by providing related infrastructure.In August, KEPCO inked a sponsorship deal to become the first public firm to support the Winter Olympics.As a "Tier One" partner, KEPCO reserves a wide range of marketing rights, including the use of intellectual property and right to the PyeongChang's logo in their advertisin

The state-run Korea Gas Corp. has made huge investments in stalled development projects in conflict-laden Iraq despite security risks sparked by the Islamic State militant group, a lawmaker said Wednesday.Citing the firm's reports on its overseas investments over the last five years, Rep. Son Kum-ju of the People's Party said that it has invested $372 million in projects to develop gas fields in Akkas and Mansuriyah, which lie southwest and southeast of Baghdad.The lawmaker pointed out that the

South Korea's state-run energy firms have poured $38.85 billion into overseas resource development projects, but they have recouped a little over one-third of their investment due to a sharp drop in oil and gas prices in recent years, a report showed Monday. South Korea's state firms and private companies have spent a combined $74.63 billion on 476 resource exploration projects in 62 countries, including 141 in petroleum and gas, and 355 in mineral resources, according to the report submitted by

A Seoul court ruled in favor of the former head of Korea Gas Corp. in an administrative litigation that demanded the withdrawal of his dismissal on Thursday. The Seoul Administrative Court made a ruling for Jang Seok-hyo, the former CEO of Kogas, who sued former President Park Geun-hye, the Kogas CEO that replaced him, Lee Seung-hoon, and the state.  Lee handed in his resignation in July. Jang Seok-hyo (Yonhap)The court judged Jang’s dismissal was unfair considering that he was acquitted of brib

The state-run Korea Gas Corp. is seeking to gain public trust through its corporate social responsibility projects along with a stable supply of safe natural gas. (Korea Gas Corp.)The state-run Korea Gas Corp. is making all-out efforts to gain public trust by carrying out a wide range of activities through its Onnuri project, which handles corporate social responsibility, the company said Tuesday.“We are doing our best to give back to society and enhance the brand value of the state-run company

The Korea Gas Corporation said Thursday that the company conducted safety inspections at its two local liquefied natural gas facilities from July 11-12. The safety checks were conducted as a part of the government’s summer electricity supply plan, it added.  A Kogas gas supply facility in Busan (Kogas)With Kogas Senior Executive Vice President Kim Young-do in charge, the nation’s largest gas buyer checked the storage and supply equipment at its facilities.“With thorough safety inspections, Kogas

South Korea‘s state-run gas giant Korea Gas signed a series of agreements with US energy companies to secure more natural gas for the country, as well as to find more partnerships and investment opportunities in the US market. Korea Gas signed four separate memorandum of understandings with US companies including Exxon Mobil, Energy Transfer, Alaska Gasline Development Corp., Sempra Energy and Woodside Petroleum. “Kogas plans to explore feasibilities of each pact and decide on future investments

The Seoul Central District Prosecutor’s Office announced Tuesday it is speeding up its investigation into alleged large-scale collusion among Korea’s major construction companies, which are suspected of bid rigging a project to build liquefied natural gas storage tanks. 　Last year 13 construction companies, including Hyundai E&C, Daewoo E&C and Daelim E&C, were slapped with 351.6 billion won ($309.2 million) in fines by the Fair Trade Commission after the governmental watchdog accused the builde