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. 

This photo provided by Korea Gas Corp. (KOGAS) on April 4, 2022, shows KOGAS CEO Chae Hee-bong (L) and Sempra Infrastructure CEO Justin Bird posing after sign a memorandum of understanding in Houston. (PHOTO NOT FOR SALE) (Yonhap)

This photo provided by Korea Gas Corp. (KOGAS) on April 4, 2022, shows KOGAS CEO Chae Hee-bong (L) and Sempra Infrastructure CEO Justin Bird posing after sign a memorandum of understanding in Houston. (PHOTO NOT FOR SALE) (Yonhap)

Source: KOGAS

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.