Korea Gas Corp - Company Profile
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Business Description
Korea Gas Corp (KOGAS), an integrated natural gas company, explores, develops, and produces natural gas from its upstream assets. It purifies, liquefies, stores, and transports natural gas. The company distributes natural gas through its pipeline network for power and city gas customers. KOGAS is also involved in the import and export of natural gas and liquefied natural gas (LNG). KOGAS classifies its operations into two segments, Natural Gas Wholesale, and Others. In FY2022, the company incurred a capital expenditure of KRW1,202,432.9 miillion which grew 1.24% YoY.
R&D Overview
KOGAS's R&D focuses on advancing source technologies for sustainable and future energy through the development of technology for hydrogen production; promoting technology development for commercial use and supporting business technology for the LNG storage tanks and natural gas liquefaction process; and technical assistance for operational optimization, such as production and supply facilities. In FY2022, the company spent KRW34,199 million on its R&D activities, which as a percentage of total revenu stood at 0.1%.
Business Segments
Overview
Includes import, production and wholesale of LNG, compressed natural gas, natural gas Imports LNG from around the world and supplies it to power generation plants, gas-utility companies and city gas companies throughout the country
Performance
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Overview
Includes supply of power and heat, equipment conservation, labor force management, terminal management, exploration, development and production of gas and oil.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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