Summary
Korea Gas Corporation engages in the exploration, development, production, import, and wholesale of liquefied natural gas (LNG), compressed natural gas, and natural gas in South Korea and internationally. The company offers LNG to power generation plants, power generating companies, and city gas companies. It also engages in oil and gas exploration, development, and production projects in various locations, including Australia, Iraq, and Mozambique; and LNG terminal operation and maintenance activities. In addition, the company is involved in constructing hydrogen production bases in Gwangju; LNG terminal construction and management activities; and LNG trading and bunkering activities. Further, it produces and supplies natural gas, as well as refines and sells by-products; construct and operates production facilities and supply networks; explores, imports, and exports natural gas; manufactures and supplies hydrogen; develops, exports, and import hydrogen energy; and researches and develops gas-related technologies. As of March 31, 2021, it owned and operated a pipeline network of 4,945 kilometers. The company was incorporated in 1983 and is headquartered in Daegu, South Korea.
History
Korea Gas Corporation (KOGAS) was established in 1983 as an effort to promote and establish a sustainable energy policy by the Korean government. KOGAS has since grown into one of the biggest and most successful gas companies in the world, with more than 15 subsidiaries and affiliates, and a presence in 9 countries. KOGAS is a major supplier of natural gas to the domestic market and is a key operator in the global gas value chain.
Mission
KOGAS’s mission is to create a safe and efficient gas environment while promoting clean energy use and growth in global markets.
Vision
KOGAS’s vision is to become a global leader in clean energy consumption, to help solve global energy challenges, and to bring about a cleaner, more stable energy future for all.
Key Team
Mr. Key-Man Kim (Head of The Support Division and Sr. Managing Director)
Mr. Seung Lee (Sr. EVP & Standing Director)
Mr. Young-Woo Min (Sr. Exec. VP)
Recognition and Awards
KOGAS has been recognized for its outstanding performance in energy safety and efficiency by many international organizations. In 2020, KOGAS was awarded the highest rating, 'A' Grade, from Moody's Corporate Ratings for its excellent management and financial stability. It was also recognized for its commitment to environmental, social and corporate responsibility.
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