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Korea Gas Corporation Act.

Country/Territory
Korea, Republic of
Document type
Legislation
Date
1986 (2015)
Source
FAO, FAOLEX
Subject
Energy
Keyword
Natural gas Business/industry/corporations Oil International trade Research
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific
Abstract

The purpose of this Act is to enable the Korea Gas Corporation to contribute to promoting convenience in the lives of citizens and improving public welfare by incorporating the Korea Gas Corporation and by laying the groundwork for the stable long-term supply of gas. Article 2 establishes that the Korea Gas Corporation shall be a body corporate. In order to achieve the purpose provided for in article 1, the Corporation shall conduct, inter alia, the following activities: 1) Manufacture and supply of urban gas under subparagraph 1 of article 2 of the Urban Gas Business Act and the refinement and sale of by-products thereof; 2) Construction and operation of natural gas (including liquefied natural gas) receiving terminals and supply networks; 3) Development, exportation and importation of natural gas; 4) Development, exportation and importation of liquefied petroleum gas; 5) Research and technical development on relevant activities. The text consists of 20 articles.

Full text
English
Website
www.klri.re.kr

References - Legislation

Implemented by

Enforcement Decree of Korea Gas Corporation Act.

Legislation | Korea, Republic of | 1986 (2013)

Keyword: Natural gas, Business/industry/corporations, Oil, International trade, Research, Registration, Enforcement/compliance

Source: FAO, FAOLEX