...t at NH Investment & Securities, said. Households face a greater burden as gas prices are soon to go up. According to Korea Gas Corp., gas charges will gradually go up by 2.3 won per megajoule in October. This would raise monthly gas bills to 33,050 won from the current 28,450 won. Kogas expects that the price hike will allow the company to clear its debt worth 1.8 trillion won within two years.

...al gas businesses. Established in 1983 with a mission for safe and stable supply of natural gas, KOGAS owns 74 storage tanks with a total capacity of 11.56 million kiloliters at five production sites... through production of green hydrogen, cold energy business, carbon capture and storage business, KOGAS targets net-zero CO2 emission by 2045. To achieve its goals, KOGAS plans to invest heavily in b...

... asked to step up, as South Korea plans another grand energy transition to hydrogen. “In the aftermath of the global oil crisis, Korea decided to switch its national fuel to natural gas and formed Kogas (in 1983). Since then, Kogas led the natural gas transition and experienced every step along the way,” Yang Jin-yul, the executive vice president and head of the hydrogen business division at Kogas, told the Korea Herald. Ko...

...cility, 432 meters long, 66 meters wide and 39 meters high, can process 3.4 million cubic meters of gas annually. Partners in the field development in Mozambique include state-run Korea Gas Corp. (KOGAS). KOGAS, which has invested in the Area 4 of the Coral South project, owns a 10 percent stake in the Coral gas field. KOGAS said it has invested $513 million in the floating LNG project through KG Mozamb...

In addition to securing LNG, Kogas plans to generate power from it and supply the power at competitive prices. Early this month, a consortium of Kogas, Korea Southern Power Co. and Hanwha Energy won an order to build a 6,000-megatwatt LNG power plant in Quang Tri, Vietnam. Kogas is also taking steps to utilize the cold energy generated when LNG vaporizes between minus 162 degrees Celsius and ze...

...ercent would be extracted from liquefied natural gas, the cheapest feedstock to produce hydrogen. Kogas, which controls a quarter of domestic LNG supplies, is expected to play a key role. As 5.26 mil...example, operators of hydrogen charging stations are obligated to report their hydrogen prices to Kogas. On top of existing infrastructure, Kogas aims to invest 4.7 trillion won in total by 2030 to e...

...ay. Qatar supplies 9 million tons of LNG to Korea annually through multiple long-term deals with Kogas, the country’s sole LNG wholesaler. In 2024, contracts worth 4.9 million tons will end. The new ... on revised terms. This will save Kogas $1 billion throughout the contract period of 20 years,” a Kogas official said. The deal also gives Kogas the rights to increase, reduce or cancel a certain amo...

...n Hydrogen in the Asia-Pacific and the role of GGGI to broker financing & policy development for sustainable energy innovation. At the event, KOGAS announced the establishment of a hydrogen business headquarters, status and prospects for collaboration with GGGI and shared South Korea’s experience. KOGAS is preparing a foundation of the hydrogen business and operating a designated hydrogen center.

...t of investment. GS Caltex Corp., a joint venture between GS Energy Co. and US oil producer Chevron, is tapping into the liquid hydrogen business in partnership with the state-run Korea Gas Corp. (KOGAS). GS Caltex and KOGAS plan to build a liquid hydrogen factory with an annual capacity of 10,000 tons on idle land at a KOGAS LNG terminal, which will be enough to power around 80,000 fuel cell cars per year. The two c...

... the four types of hydrogen equipment starting February next year. Currently, only stationary fuel cells are subjected to mandatory safety checks. “Kogas will establish the inspection center with speed and secure the safety of domestic hydrogen equipment so that Korean people can use the equipment without any worries,” Kogas President Lim Hae-jong said. By Kim Byung-wook ( kbw@heraldcorp.com )

...fusion charging station by 2022. The plan to build a hydrogen fusion charging station came after Kogas and the two southern cities were recently tapped as the operator of a pilot project for establis...th hydrogen, liquefied natural gas, compressed natural gas and electricity stations, according to Kogas. “Through the establishment of the hydrogen transportation complex, we will accelerate the eco-...

...p. On Tuesday, after loading 2,000 metric tons of LNG at Tongyeong in South Gyeongsang Province, Kogas’ LNG carrier SM Jeju LNG2 entered the Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering ...vessels difficult. The recent increase in the number of LNG vessels has burdened those terminals. Kogas expects the success of the ship-to-ship bunkering test will alleviate the stress of those LNG te...

...information and communications technology to improve its workflow and ensure a safer gas supply. Kogas is using a “smart mobile system” that enables tighter communication between the head office and ...rthermore, to provide a reliable public service and a continuous supply of liquefied natural gas, Kogas is newly leveraging big data to monitor the nationwide LNG supply level, preemptively determine ...

... the Daejeon District Prosecutors Office raided the industry ministry in Sejong, Korea Gas Corp. (KOGAS) in Daegu and the KHNP in Gyeongju to secure related documents and computer files. Prosecutors ...se after the main opposition People Power Party filed complaints against former Industry Minister Paik Un-gyu, KHNP President Chung Jae-hoon and KOGAS President Chae Hee-bong late last month. (Yonhap)

...same prices based on the average import costs, dubbed as an “average tariffs” formula. Last year, Kogas imported LNG from about 15 countries including Qatar, Australia and the US and provided LNG to p...verage tariffs formula, when global gas prices are cheaper than the average gas prices offered by Kogas, some power utilities bypass Kogas and import it directly. For this reason, Kogas loses opportun...