Kogas completes world’s first ship-to-ship LNG bunkering test

begins commercial operation. LNG bunkering is the process of transferring gas to a ship. On Tuesday, after loading 2,000 metric tons of LNG at Tongyeong in South Gyeongsang Province, Kogas’ LNG carrier SM

Korea Gas Corporation adopts drone, AI for better workflow

The Korea Gas Corporation said Thursday that it had adopted information and communications technology to improve its workflow and ensure a safer gas supply. Kogas is using a “smart mobile system

Chief auditor cites 'possibility of crime' over reactor closure

Sejong, Korea Gas Corp. (KOGAS) in Daegu and the KHNP in Gyeongju to secure related documents and computer files. Prosecutors opened the case after the main opposition People Power Party filed complaints

Kogas overhauls LNG pricing method to tackle cherry-picking of power utilities

electricity bills. The state-run gas company has long provided supplied LNG to local power utilities at same prices based on the average import costs, dubbed as an “average tariffs” formula. Last year, Kogas

Kogas helps spearhead hydrogen transition in Green New Deal drive

cheap hydrogen to the market by making timely investments and securing source technologies. “Kogas will execute its hydrogen road map as planned to propel Korea’s low-carbon and eco-friendly hydrogen era

Kogas, Hyundai Motor to create JV for hydrogen charging stations

natural gas supplied by Kogas for price competitiveness and sell leftover hydrogen or use it for generating electricity. “Kogas will continue to cooperate with the private sector and play a leading role in

Kogas prepares global LNG transition with infrastructure upgrades

Jeju Island and Tongyeong, South Gyeongsang Province, it has installed four loading arms -- a pipe that transfers LNG from a tank to bunkering vessels -- at terminals located in Tongyeong. Kogas’ efforts

Hanwha Energy taps Vietnam’s energy market

Hanwha Energy said Thursday that it has joined hands with Korea Gas Corp. (Kogas) and Korea Southern Power (Kospo) to cooperate in infrastructure development projects for a gas plant and liquefied

KOGAS Q2 net losses narrow on price hikes

The state-run Korea Gas Corp. said Friday its net losses narrowed sharply in the second quarter on gas price hikes. Net losses for the three months ending June 30 narrowed to 6.8 billion won ($5.6 million) from 129.6 billion won a year earlier, the company said in a statement. "Gas prices rose 4.5 percent for the year. Some of the company's outstanding payments for gas supply to the markets were retrieved in the second quarter. These gave a big boost to the quarterly bottom line," a spokesman for the world's biggest corporate gas buyer said. Operating profit soared to 204.7 billion won in the second quarter from 1.5 billion won a year ago. Sales fell 3.6 percent to 4.87 trillion won from 5.06 trillion won during the same period, it said. From January to June, net profit fell 19 percent to 525.5 billion won from 651.5 billion won in the same period in 2018. Operating income climbed 9.7 percent on-year to 1.07 trillion won on sales of 13.58 trillion won, a 1.8 percent on-year decline. South Korea is the world's second-biggest buyer of natural gas after Japan.(Yonhap)

Korea Gas Corp. seeks to expand global presence

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