KOGAS stock gained 2.13 percent as LNG Canada expands Phase 2

Published on 10/05/2026 at 11:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KOGAS stock reflects a 28.0 percent first-half operating-profit rise reported for 2026. Net income increased 96.1 percent, while 2026 capital spending is KRW 18,129 billion.

KOGAS, KR7036460004, Illustration mit AI erstellt.

KOGAS stock (ISIN KR7036460004) was last at KRW 36,000 on the Korea Exchange on October 2, 2026, up KRW 750 or 2.13 percent from the prior session. LNG Canada partners approved Phase 2 on October 5, adding two liquefaction trains and lifting planned capacity from 14 million to 28 million tonnes per year, as the Deep Dive reported.

LNG Canada doubles planned capacity

The expansion is the clearest operating catalyst for Korea Gas because the company holds a 5 percent interest in LNG Canada alongside Shell, PETRONAS, PetroChina and Mitsubishi. The project adds storage, loading and pipeline infrastructure at the existing British Columbia site, connecting KOGAS to higher future LNG production.

The approval follows a September investment decision by KOGAS Canada Energy. MarketScreener listed a KRW 767 billion investment in the Canadian unit and a KRW 707.2 billion loan for the Phase 2 expansion among the company's September transactions.

Profit rises while revenue falls

Korea Gas delivered first-half 2026 revenue of KRW 193,102 billion, down 5.2 percent year over year, while operating profit rose 28.0 percent to KRW 1,585.3 billion. Net income increased 96.1 percent to KRW 887.1 billion, according to Quartr in its September 9, 2026 summary.

The mix matters for shareholders. StockHub reported on September 18, 2026, that Hanwha Investment and Securities kept a Buy view with a KRW 50,000 target, while separate net income, which supports dividend capacity, fell 29.1 percent year over year.

Korea Gas plans KRW 18,129 billion of domestic and overseas capital spending in 2026, with LNG infrastructure, hydrogen and renewable energy among the investment areas identified in the first-half summary. That spending raises the importance of project execution and overseas production growth alongside the stronger consolidated profit result.

Analysts see further upside

Investing.com shows a Buy consensus from 11 analysts, with 9 Buy ratings, 1 Hold and 1 Sell. The average 12-month price target is KRW 45,182, with a high of KRW 59,000 and a low of KRW 26,000; the average target lies 25.51 percent above the KRW 36,000 price on October 2, 2026.

The market value was KRW 3.1 trillion on October 2, while the 52-week range stood at KRW 31,150 to KRW 45,700. Trading volume reached 194,155 shares, giving the 2.13 percent daily gain a concrete liquidity context rather than a purely headline-driven signal.

KOGAS stock stays below its yearly high

KOGAS stock was last at KRW 36,000 on the Korea Exchange on October 2, 2026, with a 52-week high of KRW 45,700 and a 52-week low of KRW 31,150. The next scheduled earnings date is November 17, 2026.