Korea Gas Corporation is a Korea-based company engaged in the production and distribution of natural gas. The Company provides liquefied natural gas (LNG) for power generation, household uses, general uses and industrial uses in Korea. The Company also carries out natural gas development projects in overseas, including Myanmar, Canada, Russia, Africa, Australia, Indonesia, Iraq, Uzbekistan and others. As of December 31, 2011, the Company had 24 affiliated companies. The Company acquired 100% of Kogas Australia Pty Ltd., to invest in Australia Gladstone liquefied natural gas (GLNG) project, on February 28, 2011.
(Source: ARS)