The state-run Korea Gas Corp. (KOGAS) has signed a memorandum of understanding with Australia’s Woodside Petroleum to strengthen cooperation in the hydrogen sector.
The MOU was signed on June 28 on the sidelines of the World Gas Conference, the world’s largest and most high-profile global gas conference and exhibition held in Washington DC from June 25 to 29.
The MOU at this time follows an earlier one signed in 2016, under which two companies have been exchanging human resources for research and development and technical cooperation.
Under the latest agreement, the two companies will expand joint research and development on producing hydrogen fuel from natural gas and coal gas as well as on the operation, management and transportation of hydrogen fuel.
KOGAS is planning to expand infrastructure for hydrogen-fuel vehicles, including the installation of hydrogen charging equipment, in accordance with the government’s policies to promote hydrogen-powered vehicles.
Woodside Petroleum is a multinational firm that develops resources, produces natural gas and oil and operates a number of oil drilling facilities. The company is headquartered in Perth, the capital and largest city of the Australian state of Western Australia, and has 3,500 employees.