KOMIPO pioneers direct LNG import to boost price competitiveness

SINGAPORE – The overseas arm of Korea Midland Power (KOMIPO), KOMIPO Global, has emerged as a trailblazer in the Korean power generation sector by breaking away from the traditional Korea Gas Corporation (KOGAS) supply model to spearhead direct liquefied natural gas (LNG) procurement since 2015. Established in 2007 to oversee the company’s global business, KOMIPO Global jumped into the LNG procurement business in 2015 by leveraging its corporate base in Singapore, an LNG trading hub of the Asia-Pacific region. “KOMIPO Global’s role is to shield our headquarters from direct exposure to overseas business risks while ensuring efficient management and control of our international operations,” Cho Hang-sung, managing director of the company told The Korea Times at its office in Singapore on July 3. “This strategic positioning (in Singapore) enables us to maximize operational efficiency and capitalize on the benefits offered by the country as a financial and energy hub.” Singapore has over 50 global LNG suppliers and trading houses operating in the city-state, offering unparallelWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times