Korea Gas Corp - Company Profile
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Business Description
Korea Gas Corp (KOGAS) supplies natural gas. The company's main business involves the construction of LNG receiving terminals and natural gas supply pipelines, importing LNG from overseas, regasifying it at receiving terminals, and then supplying it stably to city gas companies and power plants.
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R&D Overview
KOGAS is actively engaged in research and development to enhance its technological competitiveness in the energy sector. The company focuses on developing technologies for a more economical and stable gas supply, including gas facility automation using AI, big data, and robotics, as well as domestic production of key equipment. Additionally, the company is pursuing phased research and development on the hydrogen value chain, utilizing its infrastructure to expand the safe and economical use of hydrogen energy alongside natural gas. The R&D activities of KOGAS are managed by its Gas Research Institute, which is one of the leading comprehensive energy research institute. The organizational structure includes three Research Institutes, two Teams, and two Departments. The institute is responsible for accumulating future energy technologies and contributing to the development of the domestic gas industry and technological advancements. In FY2024, the company incurred a research and development expenditure of KRW35,768 million, which was 0.1% of the company's total revenue and grew 9.8% YoY.
Business Segments
Overview
Includes import, production and wholesale of LNG, compressed natural gas, natural gas Imports LNG from across 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 the 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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