Korea Gas036460.KS
本公司簡介的中文翻譯準備中。以下為英文原文。
關於Korea Gas
Korea Gas Corp., or KOGAS, is the state-controlled wholesale buyer of natural gas for Korea, importing liquefied natural gas under long-term and spot contracts, operating regasification terminals and the national pipeline network, and selling gas to city gas distributors and power generators. The government and Korea Electric Power together hold a controlling interest. It also participates in overseas exploration, production, and LNG projects. Because domestic tariffs are regulated on a cost pass-through basis, the company is designed to earn a stable regulated return rather than to profit from swings in gas prices.
The structural watch point is tariff politics: when the government delays passing higher import costs to households, KOGAS accumulates unrecovered receivables that inflate debt and defer cash recovery, so the gap between costs and regulated prices dominates analysis. Global LNG market conditions affect procurement terms and the value of overseas upstream assets. As a policy institution, its investment decisions can serve energy-security goals ahead of shareholder returns, and dividends have been suspended during stretches of balance-sheet strain. Heavy leverage is inherent to the model.
Korea Gas Corporation was created by the government in 1983 to build the infrastructure for importing liquefied natural gas, and it received Korea's first LNG cargo at the Pyeongtaek terminal in 1986. Over the following decades it added receiving terminals at Incheon, Tongyeong, and Samcheok and laid a nationwide trunk pipeline, then sold a minority of its shares to the public in 1999 while remaining firmly under state control. Its headquarters moved from the Seoul area to Daegu in 2014 under the government's public-agency relocation program. Overseas ventures in exploration, production, and LNG projects were layered onto the core utility over time.
KOGAS operates as a cost-of-service wholesaler: it signs long-term purchase agreements with global LNG suppliers, regasifies cargoes at its own terminals, and delivers gas through its pipeline network to city gas companies and power generators at tariffs designed to recover costs plus a regulated return on its asset base. The mechanics reward infrastructure investment, since the rate base grows with each terminal and pipeline, rather than trading skill. Its buying scale makes it one of the world's largest single LNG purchasers, giving it negotiating weight with suppliers, while extensive storage capacity lets it balance the sharp seasonal swings in Korean heating demand.
公司簡介由LineVest編輯部撰寫。屬新聞報導，非投資建議。 委託撰寫Korea Gas的DART完整報告 →
Korea Gas相關報導
1篇文章
常見問題
What does Korea Gas do?
Korea Gas Corporation imports liquefied natural gas for Korea, operates the terminals that receive and regasify it, and pipes gas nationwide to city gas distributors and power plants. It is the country's dominant gas wholesaler and also invests in overseas gas exploration, production, and LNG projects.
Who controls Korea Gas?
The Korean government controls KOGAS directly and through state entities, with the central government, Korea Electric Power Corporation, and local governments together holding a controlling interest. It operates as a public policy company under government oversight of the energy sector, not under any private controlling shareholder.
How can foreign investors get exposure to Korea Gas?
KOGAS is listed on the KOSPI market of the Korea Exchange under ticker 036460, and foreign investors can buy the shares through brokers offering Korean market access. Only a minority of the stock floats publicly given state ownership, and the name also appears in many Korea index funds.
答覆為一般資訊之編輯摘要，非投資建議。
深入標題背後
您剛讀到發生了什麼。接下來，讀懂它意味著什麼。
每天早晨的韓國市場 — 免費
LineVest Daily在首爾開盤前送達您的信箱：KOSPI與KOSDAQ關鍵報導、財報、披露與外資流向 — 以簡明英文呈現。免費，無需信用卡。
Korea Gas完整報告
我們完整閱讀Korea Gas的最新DART披露 — K-IFRS財務、公司治理，以及對股價的意義。3小時內PDF送達您的信箱。
$12 · 單次
獲取Korea Gas報告基於DART原始披露的獨立新聞報導 — 非投資建議。與任何券商無關。