Macquarie Korea Infrastructure Fund

Gwangju Second Beltway Section 1
Sorabol City Gas Co., Ltd.


Sorabol City Gas Co., Ltd.

Exclusive city gas retail distributor in two regions in Gyeongsangbuk-do, Korea

Asset overview

Established in 2000, Sorabol City Gas Co., Ltd. (“SRB”) is the exclusive city gas retail distributor in two regions in Gyeongsangbuk-do in Korea. In 2022, SRB distributed 211 million m3 of gas to 133,125 users across the two regions through its 556km of pipelines. At the end of 2022, SRB achieved the penetration rate of ~71% in the two regions in Gyeongsangbuk-do.

Investment details

MKIF, through Bomun Clean Energy Ltd. (“BCE”) as its investment vehicle, has invested in SRB. As of the record date, MKIF is a 100% shareholder of SRB through BCE, and MKIF’s total investment amount is KRW 87.1 billion (equity KRW 8.7 billion and shareholder loan KRW 78.4 billion). 

Swipe for more
Business overview  
Asset company Sorabol City Gas Co., Ltd.
Establishment 2000
Operation period Going-concern
Business Distribution & sale of city gas and associated products
Distribution area 2 regions in Gyeongsangbuk-do (Gyeongju-siand Yeongcheon-si)
Swipe for more
Pipeline length* Total 556km
No. of users* 133,125
Amount of gas distributed* 211 million m3

*Pipeline length as at the end of 2022, and no. of users and amount of gas distributed are during 2022.

Asset location