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KOGAS Head Calls for Gradual Hike in Gas Price to Address Financial Burden

SEJONG, May 22 (Korea Biziwre) — The head of the state-run Korea Gas Corp. (KOGAS) on Wednesday highlighted the need to gradually raise gas prices as early as possible, ahead of the winter season, to mitigate the impact of the hike on consumers. The remark came as KOGAS has been facing financial difficulties due to its inability to raise utility costs enough to address fluctuations in the global market for liquefied natural gas. “KOGAS is currently maintaining its operations through loans due to the [...]

KOGAS to Seek New Import Contracts for LNG amid Rising Demand

SEOUL, May 2 (Korea Bizwire) — South Korea’s industry ministry on Thursday discussed ways to seek new import contracts for liquefied natural gas (LNG) with the state-run Korea Gas Corp. (KOGAS) to stabilize prices and meet growing demand. The discussion came as some of the long-term import contracts clinched by KOGAS are set to expire [...]

KOGAS Produces First LNG at Gas Field in Mozambique

SEOUL, Nov. 15 (Korea Bizwire) — South Korea’s state-run gas company Korea Gas Corp. (KOGAS) announced on Monday that it had started producing liquefied natural gas (LNG) at the Coral gas field in Mozambique, and the first shipment had been completed. The project uses a floating liquefied natural gas (FLNG) facility to extract gas from [...]

KOGAS Building Hydrogen-producing Convergence Charging Stations

SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s state-run gas company Korea Gas Corp. has announced plans to set up so-called convergence charging stations that can directly produce and supply hydrogen for vehicles. KOGAS said Wednesday it had established a joint venture called HyStation to build and operate liquefied natural gas (LNG)-based hydrogen charging stations [...]

KOGAS to Import U.S. Liquefied Natural Gas from BP

SEOUL, April 22 (Korea Bizwire) — South Korea’s state-run gas importer said Friday it has signed a contract to import 1.58 million tons of U.S.-produced liquefied natural gas (LNG) from the British oil company BP Plc annually. Under the contract, KOGAS will import the LNG, beginning in 2025, for 18 years. The LNG, which will [...]

KOGAS Signs Biz Tie-up with Sempra Infrastructure

SEOUL, April 4 (Korea Bizwire) — South Korean state-run gas company Korea Gas Corp. (KOGAS) said Monday it has signed a business partnership agreement with U.S. energy infrastructure firm Sempra Infrastructure. KOGAS said the memorandum of understanding, signed in Houston on Friday, calls for cooperation in such business areas as liquefied natural gas (LNG), hydrogen [...]

Korea Line LNG and KOGAS Gear Up to Launch LNG Bunkering Business with Shell

SEOUL, March 22 (Korea Bizwire) — Korea Line LNG Co., a midsized South Korean shipping company, and the state-run Korea Gas Corp. (KOGAS) have launched a liquefied natural gas (LNG) bunkering business in collaboration with Shell Plc, Europe’s biggest oil firm. The two companies announced on Monday that they had taken delivery of the LNG [...]

S. Korea to Buy an Additional US$9.6 bln Worth of LNG from U.S.

SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s state-run Korea Gas Corp. signed a deal to import an additional US$9.6 billion worth of liquefied natural gas (LNG) from the United States for up to 18 years, in line with efforts to expand ties with the world’s top economy in the energy segment, Seoul’s trade ministry [...]

Transit Fees for Trans-Korea Gas Pipeline Estimated at Over 200 bln Won: KOGAS

SEOUL, Oct. 23 (Korea Bizwire) — South Korea may have to pay around 200 billion won (US$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. (KOGAS) calculated the transit fees at the [...]

KOGAS to Begin Test Run of LNG-powered Truck

SEOUL, Sept. 7 (Korea Bizwire) — The state-run Korea Gas Corp. (KOGAS) said Friday it will start test runs of a liquefied natural gas (LNG)-powered truck, jointly developed by Daewoo Tata Commercial Vehicle Company, to examine its safety and economic viability. The 400 horsepower-truck will be built on a Tata Daewoo frame and powered by [...]