Most Popular
-
1
Heavy snow, cold wave expected this weekend
-
2
Culture minister Yu In-chon denies involvement in closure of K-Arts
-
3
100 Food Challenge: A guide to conquering Korean cuisine
-
4
SK hynix secures $458m subsidy for US advanced chip packaging facility
-
5
[From the Scene] Tech meets trash: Transforming plastic recycling for sustainable future
![[From the Scene] Tech meets trash: Transforming plastic recycling for sustainable future](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/12/20/20241220050035_0.jpg&u=)
![[From the Scene] Tech meets trash: Transforming plastic recycling for sustainable future](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/12/20/20241220050035_0.jpg&u=)
-
6
Acting President summoned for questioning in martial law investigations: police
-
7
Taipei Fubon Bank to launch first office in Seoul
-
8
Education Cannot Wait Announces US$20 Million Multi-Year-Resilience Programme Catalytic Grant in Chad, Total ECW Funding in Chad Tops US$61 Million
-
9
Global insurtech bolttech announces Series C funding led by Dragon Fund to drive continued expansion
South Korea‘s state-run gas giant Korea Gas signed a series of agreements with US energy companies to secure more natural gas for the country, as well as to find more partnerships and investment opportunities in the US market.
Korea Gas signed four separate memorandum of understandings with US companies including Exxon Mobil, Energy Transfer, Alaska Gasline Development Corp., Sempra Energy and Woodside Petroleum. “Kogas plans to explore feasibilities of each pact and decide on future investments accordingly,” the company said.
Kogas’ latest pact with Sempra Energy and Woodside Petroleum on Thursday, local time, provided the parties with a framework regarding the development of the Port Arthur liquefied natural gas project in Texas, according to Kogas. With the memorandum signed, Korea Gas has become a potential buyer of natural gas from the region and an equity participant in the project. The memorandum also included engineering, construction, operations, maintenance and offtake agreements.
Korea‘s primary liquefied natural gas buyer will also conduct feasibility studies on the Lake Charles LNG project in Louisiana, which is currently owned by Energy Transfer. The company is currently considering taking over the operation and maintenance of the project, but may also consider other investment options, including purchasing shares and procurement, it said.
Meawhile, Kogas also agreed with Exxon Mobil to begin joint research on the US shale gas industry.
By Shim Woo-hyun (ws@heraldcorp.com)
