Kogas, Siemens ink hydrogen pact

South Korean LNG importer Kogas is joining forces with a unit of German engineering giant Siemens to work on green hydrogen production and hydrogen turbine power generation.

In that regard, Kogas and Siemens Energy signed a memorandum of understanding in Seoul on Tuesday, according to a Kogas statement.

Under the deal, the two companies would collaborate across all areas of hydrogen business to pursue the production of green hydrogen as well as its use in power generation, the statement said.

This includes a demonstration project for large-scale domestic green hydrogen production and supply and hydrogen turbine power generation.

Also, the partners would work on joint research for overseas green hydrogen production and transport strategies but also technological development to secure competitiveness in the hydrogen business, the statement said.

“By embarking on a global partnership with a world leader in hydrogen technology, we are committed to accelerating overseas production and transport of green hydrogen,” HeeBong Chae, president and CEO of Kogas, said.

“In addition to contributing to the nation’s carbon neutrality drive, we ultimately look to emerge as the nation’s leading hydrogen company,” he said.

Kogas has this year revealed several hydrogen developments, including signing a deal with compatriot refiner GS Caltex to produce and supply liquid hydrogen in the country.

Under this memorandum, the two firms aim to build a liquid hydrogen production facility at a Kogas LNG import terminal.

In addition, Kogas is also part of the HyStation company, recently joined by Australian LNG player Woodside, which aims to construct and operate hydrogen refueling stations to service public transport bus fleets in South Korea.

Most Popular

NextDecade takes FID on fourth Rio Grande LNG train

US LNG firm NextDecade has made a final investment decision on the fourth train at its Rio Grande LNG facility in Texas.

Shell pens US LNG supply deal with Edison

UK-based LNG giant Shell has signed a long-term deal to supply US LNG to Italian energy firm Edison, a unit of EDF.

YPF CEO expects FIDs on FLNG projects with Eni, Shell in 2026

YPF CEO Horacio Marin confirmed on Wednesday that the state-owned oil and gas company and its partners Eni and Shell expect to take final investment decisions on two stages of the Argentina LNG project in 2026.

More News Like This

TotalEnergies pens LNG supply deal with South Korea’s Kogas

French energy giant TotalEnergies has entered into a long-term agreement with South Korean LNG importer Kogas to supply the latter with liquefied natural gas.

Kogas, Kospo seal 10-year gas supply deal

South Korean LNG importing giant Kogas has signed a 10-year gas supply deal with Korea Southern Power (Kospo).

LNG Canada sends tenth cargo

Shell-led LNG Canada has shipped the tenth cargo of liquefied natural gas from its Kitimat facility on the west coast of Canada.

Trafigura, Kogas seal long-term US LNG supply deal

LNG trader Trafigura has signed a long-term deal to supply US LNG to South Korean importer Kogas.