Contents 1 Results of FY14 4 2 Current Status of Major Overseas Projects 8 3 KOGAS Overview 16 3
1. Results of FY14 4
Results of FY14 Sales Sales Volume decreased by 3,502 thousand tons(9.1%) YoY to 35,173 thousand tons - Sales Volume in the City Gas Sector decreased by 1,416 thousand tons(7.2%) Due to mild winter and decrease in industrial demand -…
Results of FY14 Statements of Comprehensive Income Sales decreased by 778 billion won(2.04%) YoY to 37,285 billion won. - Due to decrease in Sales Volume Operating Profit decreased by 416 billion won(28.0%) YoY to 1,072 billion won.…
Results of FY14 Statements of Financial Position Assets increased by 3,106 billion won(7.1%) YoY to 46,772 billion won. - Due to increase in investment of domestic and overseas assets, etc. Liabilities increased by 2,314 billion…
2. Current Status of Major Overseas Projects 8
Current Status of Major Overseas Projects Overseas Projects 26 Projects in 13 countries(As of Dec. 2014) (Exploration 5, Development/Production 10, LNG project 7, Downstream 4) 2 Projects as an operator(Iraq Akkas, Mozambique Maputo…
Current Status of Major Overseas Projects Exploration Project Overseas Projects Mozambique Gas initially in place : 85 Tcf Commercial Operation Development/Production Plan to take the FID(Final Investment Decision) in 2015 Iraq…
Current Status of Major Overseas Projects Iraq Zubair Project Overview Performance Additional Development and Production Major Performance Production Volume : Total 6.5 billion barrels FY11 Startup of Commercial Operation Partners…
Current Status of Major Overseas Projects Iraq Badra Project Overview Production Volume : Total 0.8 billion barrels Partners : KOGAS and 4 other companies Contract Type : TSC(Technical Service Contract) Performance Sep. 2014 :…
Current Status of Major Overseas Projects Myanmar A-1/A-3 Project Overview Performance Total of 23 exploration wells drilled Nov. 2013 : Startup of Commercial production Certification of 4.01 Tcf reserves FY13 OP : 5.4 billion…
Current Status of Major Overseas Projects Mozambique Gas Field Business Overview Date Discovery details Contract Period : Exploration(0715), 1 Oct. 2011 Mamba S-1 Exploration well(22.5Tcf) Development/Production(1545) 2 Feb. 2012…
Current Status of Major Overseas Projects Cyprus Project Overview Plan (2015) Drilling of 3 exploration wells Location : Offshore Cyprus Contract Area : 2, 3, 9 Participants : KOGAS 20%, Eni 80% Contract Period - Exploration :…
3. KOGAS Overview 16
KOGAS Overview KOGAS Overview Founded and established in Aug. 1983, pursuant to Korea Gas Corporation Act Major shareholders include Central Government(26.15%), KEPCO(20.47%) and Local Governments(7.94%) Listed on KSE in Dec.…
KOGAS Overview LNG Value Chain KOGAS is expanding its business scope form downstream to mid and upstream. Upstream Midstream Downstream Purification & Liquefaction Regasification & Distribution Exploration & Development…
KOGAS Overview Business Scope of KOGAS Domestic Business Overseas Business Stable Profitability Growth Opportunity LNG Purchasing Construction & LNG Supply Exploration and Production(E&P) - Worlds single Operating of LNG - City…
KOGAS Overview LNG Import Sources 16 Long term and 3 Mid term contracts in 10 countries around the world (Imported 39,330 thousand tons in FY13, 36,332 thousand tons in FY14 Qatar (4) LNG Import Sakhalin(1) (1) 4.92MM tons/yr…
KOGAS Overview LNG Terminal & Pipeline Network Currently operating 63 storage tanks in 4 LNG receiving terminals(storage capacity of 9.46 MM kl) Operating a pipeline network that extends to 4,240km and is being managed in 332…
KOGAS Overview Tariff Structure Stable core business with risk-free tariff structure risk-free from oil price, forex, interest rate - Tariff is composed of material cost and supply cost(Total cost Target volume) - Material cost is…
KOGAS Overview Accounts Receivable Reinstatement of the Cost Pass Through System from 22 Feb. 2013 and upward adjustment of unit sales cost from 1 July 2014 (1.1173won/MJ1.2219won/MJ) Plan to recoup accounts receivable - FY14s…
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