Korea Gas Corporation Overview
Pro stress-test →Korea Gas Corporation engages in the exploration, development, production, import, and wholesale of liquefied natural gas (LNG), compressed natural gas, and natural gas in Korea, Australia, Iraq, Mozambique, and Myanmar. Korea Gas Corp holds a monopoly as the country's only natural gas distributor with a nationwide network of pipelines and storage tanks.
Strategic Profile
Pro stress-test →The Government of Korea holds a majority stake in the firm. Korea Gas' total revenue is split fairly evenly between the sale of natural gas to urban consumers and to the power sector. The company is involved in constructing hydrogen production bases in Changwon, Gwangju, and Pyongtaek; LNG terminal construction and management activities; and LNG trading and bunkering activities.
Competitive Landscape
Pro stress-test →Korea Gas operates as the monopoly natural gas distributor in South Korea, eliminating direct domestic competitors. Internationally, it competes with global LNG suppliers and traders. South Korean importers include state-owned Korea Gas Corporation (Kogas) and gas developer and trader POSCO International.
Industry Context
Korea Gas Corporation operates in Utilities - Regulated Gas.
Key facts
Founded: 1983 · Headquarters: Daegu, South Korea · Employees: 4,172 · Revenue: $28.2B · Market cap: $2.8B