Korean gas giant eyes firm Toehold in Iran


TEHRAN, May 02 (Shana) –- President of Korean Gas Corporation (KOGAS) Seung-Hoon Lee says his company is bracing for developing major pipeline construction projects for transfer of natural gas in Iran.

Speaking on the sidelines of a ceremony to ink a cooperation deal with National Iranian Gas Company (NIGC), Seun-Hoon said cooperation with Iran is subject to transfer of Korean technologies and investment in the country, adding that KOGAS is interested to join gas industry projects in OPEC member Iran.

KOGAS has linked north of S. Korea to its south with a gas pipeline and enjoys excellent experiences in building major pipelines, he said, adding that his company has so far constructed pipelines in Mexico, Indonesia, Peru, etc.

He said KOGAS can participate in completion of the natural gas trunk-lines in Iran.

He further voiced KOGAS’s readiness to build the seabed gas pipeline from Iran to Oman, besides developing petrochemical projects which will turn natural gas to petrochemical items for use by KOGAS.

Korea Gas Corporation (KOGAS) is a South Korean public natural gas company that was established by the Korean government in 1983. KOGAS has grown into the largest LNG-importing company in the world and operates four LNG regasification terminals and 4,440 km of natural gas pipelines in South Korea.