Korea Gas Corporation announced on the 18th that it has signed a memorandum of understanding with the Malaysian state-owned energy corporation Petronas in Kuala Lumpur, Malaysia, to strengthen cooperation in the clean energy sector, including liquefied natural gas (LNG), hydrogen, renewable energy, and carbon capture and storage.

Korea Gas Corporation and Malaysia's Petronas sign a memorandum of understanding in the clean energy sector. On the left is Shamsairi M Ibrahim, Vice President of Petronas LNG Marketing and Trading (left), and on the right is Kwon-taek Oh, Head of the Hydrogen New Business Division at Korea Gas Corporation. /Courtesy of Korea Gas Corporation

Founded in 1974, Petronas has steadily carried out oil and gas exploration, production, and refining operations in over 100 countries around the world. Recently, it has also been leading in decarbonized energy businesses, such as hydrogen and renewable energy.

The two corporations have agreed to establish a working-level consultative body in various areas, including the LNG value chain, carbon capture and storage (CCS), and hydrogen and renewable energy projects, to build a sustainable cooperation framework.

Oh Gwon-taek, head of the hydrogen new business division, said, “This agreement is an important milestone in combining the capabilities of Korea Gas Corporation and Petronas' global network to develop the future energy market together,” and noted, “We will focus on discussing ways to achieve synergy between the two corporations going forward.”

※ This article has been translated by AI. Share your feedback here.