Toward Global LNG Giant

Korea Gas Corporation President Lee Seung-hun (left) poses with Woodside CEO Peter J. Coleman after signing an MOU for corporation in the natural gas industry.
Korea Gas Corporation President Lee Seung-hun (left) poses with Woodside CEO Peter J. Coleman after signing an MOU for corporation in the natural gas industry.

 

As Korea Gas Corporation (KOGAS) has signed a memorandum of understanding (MOU) with global leading energy firms for the comprehensive cooperation in the natural gas industry one after another, the company is emerging as a global liquefied natural gas (LNG) business operator.

KOGAS said on Apr. 14 that it has signed a MOU with the Netherlands-based Royal Dutch Shell PLC, France-based Total S.A. and Australia-based Woodside Energy in quick succession during the LNG 18 conference held in Perth, Australia, for three days from the 11th to reinforce mutual cooperation in the natural gas sector.

Under the agreements, the company will work together in infrastructure business with Shell, such as the development of new gas fields in Asia and Middle East and construction of gas pipes and stations. Currently, the two companies are jointly involving in the Prelude Floating Liquefied Natural Gas (FLNG) development project in Australia.

KOGAS will also strengthen the cooperation with Total in the LNG trading and terminal optimization. The two will jointly explore opportunities to develop the LNG market in emerging importing countries and the small LNG valve chain supply business. 

Meanwhile, KOGAS signed a MOU for technical cooperation with Woodside. The two companies will establish a close partnership in technology exchange in the research and development sector and joint engineering, procurement and construction (EPC) projects.

 

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