Gas pipeline-related stocks are strong in the morning of the 4th. This is interpreted as being influenced by President Donald Trump's efforts on the 'One Big Beautiful Bill Act (OBBBA)' passing the threshold of the National Assembly.
The stock of the pipeline company DONG YANG STEEL PIPE was traded at 1,739 won on the KOSPI market at 9:49 a.m. that morning. The stock price rose by 13.51% (207 won) compared to the previous day. Stocks of other pipeline corporations such as NEXTEEL, HISTEEL, and SeAH Steel are also trading at higher prices than the previous day.
It appears many investors expect demand for gas pipelines in the U.S. to increase due to the implementation of OBBBA. OBBBA mandates the sale of new drilling rights on federal lands and waters in Alaska, the Gulf of Mexico, and the western U.S., and allows oil and gas producers to deduct some drilling and development expenses.
In particular, a conclusion is expected regarding Korea's potential participation in the Alaska liquefied natural gas (LNG) development project, which is intertwined with the tariff negotiations with the U.S. The Trump administration has continuously pressured Korea and Japan to participate.