Hydrogen, the most abundant element on Earth and, as a gas, a dream fuel that emits zero emissions. Almost everyone agrees that a transition to hydrogen economy is a worthy long-term goal -- dramatic reductions of urban air pollution and the buildup of greenhouse gases that aggravate the global climate crisis. But key questions remain unanswered: Who will pump in the billions of dollars of investment needed to mass produce hydrogen, and who will lay the pipelines needed to transport hydroge

South Korea’s state-run Korea Gas Corp. has signed an agreement with Qatar to purchase an additional 2 million metric tons of liquefied natural gas for 20 years starting from 2025, the Ministry of Trade, Industry and Energy said Monday. Qatar supplies 9 million tons of LNG to Korea annually through multiple long-term deals with Kogas, the country’s sole LNG wholesaler. In 2024, contracts worth 4.9 million tons will end. The new deal starting from 2025 will make up for some of tho

  Hydrogen is at the forefront of collaboration opportunities between S. Korea and Australia, Australian Ambassador Catherine Raper said during an event co-hosted by the Global Green Growth Institute and the Australian Embassy in Seoul on Tuesday. “There is very much global momentum to develop the hydrogen economy- momentum that’s been created by global agreement on the need to address climate change,” Raper said. “So, as advanced and industrialized nations, Austr

South Korean refiners are jacking up investment in the burgeoning hydrogen market to secure their place in a world shifting away from fossil fuels and to get ahead of the next big change in the energy industry. Hydrogen, which burns clean when mixed with oxygen in a fuel cell, can be used for various industrial purposes, vehicles and ships, but it has been mostly used in oil refining and production of fertilizers. Large-scale usage of hydrogen requires not only manufacturing factories but als

State-run Korea Gas Corp. said Tuesday that it will build the world’s first hydrogen equipment inspection support center in Wanju, North Jeolla Province. The 50 billion-won ($44.2 million) inspection center, set for completion by 2023, will be responsible for safety checks on four types of hydrogen equipment manufactured domestically and imported from overseas -- stationary fuel cell, portable fuel cell, electrolysis equipment and hydrogen extraction equipment. In February, South Kore

The Korea Gas Corporation said Friday that it will partner with the cities of Changwon and Tongyeong in South Gyeongsang Province to build a hydrogen fusion charging station by 2022. The plan to build a hydrogen fusion charging station came after Kogas and the two southern cities were recently tapped as the operator of a pilot project for establishing a hydrogen transportation complex by the Ministry of Land, Infrastructure and Transport. The construction project of a hydrogen transportation

Korea Gas Corp. said Thursday it has successfully carried out the world’s first ship-to-ship liquefied natural gas bunkering test, which examines whether an LNG carrier works properly before it begins commercial operation. LNG bunkering is the process of transferring gas to a ship. On Tuesday, after loading 2,000 metric tons of LNG at Tongyeong in South Gyeongsang Province, Kogas’ LNG carrier SM Jeju LNG2 entered the Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering

The Korea Gas Corporation said Thursday that it had adopted information and communications technology to improve its workflow and ensure a safer gas supply. Kogas is using a “smart mobile system” that enables tighter communication between the head office and its operation sites. The new system increases workflow efficiency by repackaging the on-site operation as data, which is then relayed and monitored in real time. Furthermore, to provide a reliable public service and a continuo

The chief of the state auditor said Wednesday that the agency determined there was a "possibility of a crime" in the government's evaluation of the economic viability of a now-decommissioned nuclear reactor. The prosecution recently launched a probe into the industry ministry and two state-run energy firms after the Board of Audit and Inspection (BAI) announced late last month that they manipulated the profitability projections of the Wolsong-1 nuclear reactor to determine its early c

Korea Gas Corp. said Sunday it would impose a new format for supplying liquefied natural gas starting 2022 to address cherry-picking by electricity suppliers which it says ultimately leads to higher electricity bills. The state-run gas company has long provided supplied LNG to local power utilities at same prices based on the average import costs, dubbed as an “average tariffs” formula. Last year, Kogas imported LNG from about 15 countries including Qatar, Australia and the US an

Korea Gas Corp. is taking a leading role in fostering the country’s hydrogen industry, backing the government’s Green New Deal initiative which aims to roll out 200,000 hydrogen vehicles and 450 hydrogen charging stations. The state-run natural gas company said Sunday it will transition to an eco-friendly hydrogen firm from a conventional fossil fuel-based company, pledging to produce and introduce cheap hydrogen to the market by making timely investments and securing source techno

Korea Gas Corp. said Sunday it would set up a joint venture with Hyundai Motor Group to build and run integrated hydrogen charging stations after signing a memorandum to expand sustainable hydrogen infrastructure and boost competitiveness in the hydrogen business. According to the state-run natural gas company, the integrated hydrogen charging stations can accommodate eco-friendly vehicles that run on hydrogen, liquefied natural gas and electricity. Also, they can produce, charge and sell hy

Korea Gas Corp. said Wednesday it is expanding its liquefied natural gas bunkering infrastructure to respond to the global shift to cleaner ship fuel. LNG bunkering is the process of transferring gas to a ship for use as fuel. The state-run natural gas company said it has recently built an LNG carrier SM JEJU LNG2 equipped with ship-to-ship bunkering capabilities. Also, as the ship sails between Jeju Island and Tongyeong, South Gyeongsang Province, it has installed four loading arms -- a pi

Hanwha Energy said Thursday that it has joined hands with Korea Gas Corp. (Kogas) and Korea Southern Power (Kospo) to cooperate in infrastructure development projects for a gas plant and liquefied natural gas terminal in Vietnam.The affiliate of Hanwha Group plans to build a terminal for LNG imports and a power plant to produce electricity in Vietnam, where power supply and demand imbalance is a severe problem. In the case of Vietnam’s southern region, although half of the country’s

The state-run Korea Gas Corp. said Friday its net losses narrowed sharply in the second quarter on gas price hikes. Net losses for the three months ending June 30 narrowed to 6.8 billion won ($5.6 million) from 129.6 billion won a year earlier, the company said in a statement.  "Gas prices rose 4.5 percent for the year. Some of the company's outstanding payments for gas supply to the markets were retrieved in the second quarter. These gave a big boost to the quarterly bottom line,"