Kogas imports LNG from around the world and supplies it to power generation plants, gas utilities and city gas companies throughout Korea. Kogas produces and supplies natural gas, purifies and sells gas by-products, and builds and operates production facilities and the distribution network. It imports and exports natural gas for domestic and overseas markets and is also active in gas exploration and production.
Kogas has received sovereign credit ratings of A1 and A, the highest ever given to a Korean company by Moody's and S&P.
Total and Kogas
Total supplies Kogas with LNG from its major projects and worldwide portfolio. The partners cooperate to ensure a secure supply of LNG to the Republic of Korea through several key long-term contracts. Total and Kogas are also equity partners in Yemen LNG, Oman LNG and Australia's Gladstone LNG.
Total-Kogas equity partnerships:
Yemen LNG: Total 39.6% (operator), Kogas 6%
Oman LNG: Total 5.54%, Korea OLNG (Korean consortium, led by Kogas) 5%
Gladstone LNG: Total 27.5%, Kogas 15%