Kogas, GS Caltex ink hydrogen pact

South Korean LNG importing giant Kogas has teamed up with compatriot refiner GS Caltex to produce and supply liquid hydrogen in the country.

In that regard, the duo have signed a memorandum of understanding (MOU) to work on the hydrogen business, according to a Kogas statement.

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

In addition, the facility would utilise LNG cold energy to produce liquid hydrogen, Kogas said.

The facility will have a capacity of 10,000 tons of liquid hydrogen per year and should go online in 2024.

Moreover, it would supply a network of hydrogen stations for vehicles the duo plans to build in Seoul and the region, Kogas said.

South Korea is one of the leading countries to develop a hydrogen-based economy.

Its hydrogen economy roadmap includes a goal of rolling out at least 1,200 hydrogen fueling stations by 2040.

Worth mentioning here, South Korean conglomerate SK Group recently said it plans to spend 18.5 trillion won ($16.6 billion) in hydrogen projects over the next five years.

Most Popular

Venture Global’s Plaquemines LNG wraps up $4 billion notes offering

Venture Global's unit Plaquemines LNG has closed a $4 billion offering of senior secured notes.

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

More News Like This

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

Shell ships first LNG Canada cargo

LNG giant Shell and its partners have shipped the first cargo produced at the LNG Canada facility in Kitimat, on the west coast of Canada.

South Korea’s Kogas ups May sales

South Korean LNG importing giant Kogas said its gas sales rose by 5 percent in May compared to last year.

South Korea’s Kogas boosts April sales

South Korean LNG importing giant Kogas said its gas sales rose by 13.9 percent in April compared to last year.