Kogas of South Korea eyes growth

South Korea’s Kogas, world’s largest corporate buyer of LNG, said it will reorganize its corporate structure to help boost efficiency of overseas gas exploration, strengthen its technology and increase sales.

The reorganization plan was unveiled just three weeks after Lee Seung-hoon took over as the President and CEO of Kogas.

Under the new structure, the company’s units committed to overseas gas exploration and imports will be integrated.

Kogas will also establish a demand management division, which is committed to increasing sales by developing new gas demand in South Korea, the company said in a statement issued on Monday.

The overseas business division will take control of liquefied natural gas plant business and LNG procurement, making it possible for the division to supervise all LNG-related activities, according to the statement.

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LNG World News Staff; Image: Kogas