South Korean state-run gas company Korea Gas Corp. (KOGAS) has signed a deal with US energy firm Sempra Infrastructure (Sempra) that will see the partners teaming up to advance decarbonisation initiatives.
A memorandum of understanding (MoU) signed between the two on Friday, April 1st, called for cooperation in the areas of liquefied natural gas (LNG), hydrogen and carbon capture.
The companies aim to strengthen a ‘mutual cooperative system’ for dealing with global carbon-neutral policy and participating in low-carbon business.
“Through collaboration with Sempra, KOGAS will focus on developing new business areas and securing new growth engines,” added Chae Hee-bon, CEO, KOGAS.
As a leading North American infrastructure company, Sempra focuses on the development of LNG, low-carbon and clean energy business ventures.
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