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

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

South Korea’s Kogas says August sales down

South Korean LNG importing giant Kogas said its gas sales decreased by 10.8 percent in August compared to last year.

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.