​[KOGAS press release/ July 3, 2023] Korea Gas Corporation (KOGAS) has announced that it will start accepting applications from direct importers and prospective importers who wish to use KOGAS' LNG storage facilities for manufacturing purposes. This decision is in line with the 14th National Long-Term Natural Gas Supply and Demand Scheme, which was announced by the Korean government in April 2023. As per the scheme, KOGAS plans to allocate a minimum of 50% of the total storage capacity of the Dangjin LNG terminal, scheduled for completion in 2025, to direct importers.

KOGAS aims to promote a fair competition environment in the natural gas market by providing timely natural gas infrastructure. This is crucial due to the expected increase in competition from direct import power generation operators. Since 2019, KOGAS has been collaborating with other entities for the use of manufacturing facilities. With the significant expansion of storage facilities at the Dangjin LNG terminal, KOGAS plans to enhance the stability of natural gas supply and actively cooperate with direct importers for shared facility usage.

By actively providing manufacturing facilities to the private sector, KOGAS, which already possesses the largest LNG storage facility (12.16 million kiloliter) in Korea, is expected to further enhance the efficiency of natural gas production and national-level supply infrastructure operations. An official from KOGAS stated that they will continue to strive for facility competitiveness, explore the possibility of providing additional manufacturing facilities, and work towards improving national energy benefits.

 ​