Korea Gas Corporation Begins Natural Gas Supply Crisis Response Amid Iran Situation

｜Emergency Measures Meeting Emphasizes Safety and Gas Supply Stability at Middle East Sites
｜Overseas Security Crisis Alert Issued and Emergency Response Team Activated for Middle East Sites

Exterior view of the Korea Gas Corporation headquarters building

[Asia Economy Yeongnam Reporting Headquarters Reporter Yang Hee-jung] Korea Gas Corporation is rapidly implementing comprehensive measures, including establishing an emergency response system for Middle East sites such as Iraq, amid escalating instability in the Middle East due to the recent deterioration of relations between the United States and Iran.

First, after conducting its own crisis assessment meeting, Gas Corporation issued an overseas security crisis alert for Middle East sites at 6 p.m. on the 8th (Iraq: Warning, Oman and Qatar: Attention) and activated the headquarters situation room.

Additionally, from 9:40 a.m. on the 9th, an emergency countermeasure meeting regarding the Iran situation was held under the chairmanship of President Chae Hee-bong, who formed an emergency response team consisting of 12 departments across five areas including supply and demand, with the president as the head, establishing a rapid response system.

President Chae Hee-bong stated, “The Middle East region accounts for about 40% of the natural gas imported into the country and is a major supply source, so we have been closely monitoring changes in the situation and preparing for emergencies. Moving forward, we will strengthen cooperation with the Ministry of Trade, Industry and Energy and related industries to ensure the stability of natural gas supply without any gaps.”

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