Its roles Owner Investor / Financier Offtaker
Korea Gas Corporation (KOGAS) is South Korea’s national natural gas company, founded in 1983 and headquartered in Daegu. It plans, procures, and imports liquefied natural gas (LNG) and operates the country’s LNG receiving, storage, and regasification terminals—along with the high‑pressure trunk pipeline network—supplying gas to power generators and city gas distributors that serve industrial, commercial, and residential customers.
KOGAS is among the world’s largest LNG buyers, sourcing volumes under long‑term and spot arrangements from diverse regions. It also holds equity stakes in upstream gas and LNG projects across the Middle East, Africa, Asia‑Pacific, and North America. Beyond LNG, the company develops infrastructure and businesses in hydrogen and other low‑carbon gases, as well as carbon capture, utilization and storage (CCUS), to support South Korea’s energy transition. Reliable gas supply from KOGAS underpins feedstock and energy needs for the country’s chemical and petrochemical sectors.
chemXplore tracks 4 projects involving KOGAS, of which 4 are active.
Closest to start-up first.
Revenue rose 10% to $3.7B; GAAP EPS $1.16 and adjusted EPS $0.77. Q3 buybacks $300M; affirms 2026 adjusted EBITDA guidance of $500–$525M.
Third-quarter results show strong cash flow, production milestones, record refining performance, CCS progress, and a $20B 2027 share-repurchase program.
EPCM award for Coastal GasLink Phase 2 covers detailed engineering, procurement and construction management for five compressor stations in BC; contract >€200m with 4+ year execution.
Notice to Proceed issued for LNG Canada Phase 2 after FID; contract mainly lump-sum with some cost-plus; JGC to recognise US$7.5bn in fiscal 2026 after FEED update.
Notice to proceed issued; US$7.5bn share to be recognized in Q3 FY2026; Phase 2 adds one storage tank and two trains, doubling output to ~28 Mtpa.
Phase 2 will double Kitimat LNG output to 28 mtpa; Shell’s 40% stake adds nearly 6 mtpa, with commercial operations targeted in the early 2030s.
LOI covers preliminary engineering, procurement and technical services worth about €11m for upstream offshore scope; final EPCI award depends on FID and government/regulatory approvals expected in 2026.
LOI covers $32M for preliminary engineering and procurement to advance project definition; final EPC award depends on FID and government/regulatory approvals expected in 2026.
active all projects
