Korea Gas Corp. (KOGAS) and Fairwood Peninsula Energy (FPE) have joined forces in implementing natural gas pipeline projects in India.
KOGAS said the company signed an MOU on natural gas pipeline projects with FPE at the Seoul Grand InterContinental on June 8. Fairwood is a midstream LNG company focused on providing critical infrastructure for the floating liquefaction industry. Fairwood is trying to export overland natural gas from the United States to overseas markets via floating liquefied natural gas facilities at sea off the Gulf of Mexico.
Under the agreement, KOGAS and Fairwood agreed to discuss on a joint natural gas pipeline project in the eastern and western regions of India in cooperation with local natural gas companies. The project calls for supplying natural gas through floating storage and regasification units (FSRUs) and overland pipelines stretching about 830 km in total to such areas as urban districts, industrial complexes, and power and fertilizer plants. In the process, Fairwood will be responsible for gas supply and FSRU, while KOGAS will be charged with pipeline projects with local natural gas companies.
“Pipeline technologies KOGAS has accumulated over 30 years will play a leading role in the downstream of the natural gas industry,” said Chang Jin-seok, head of KOGAS Supply Division, who participated at the signing ceremony.
Fairwood, which maintains a close network with Indian private and state-run companies, is expected to play a pivotal role in the project
KOGAS's will initially make a feasibility study on the project, whose outcomes will determine whether the company will push for its implementation.
If and when KOGAS obtains a go-ahead, the company will devote itself to complying with shared growth policies as a public entity by allowing Korean contractors, equipment companies and banks to participate in the project.
KOGAS plans to strengthen amicable partnerships with the Indian government and local companies by successfully completing the pipeline project in eastern and western India. The company is trying to make the project a platform to expand its presence in India to such businesses as LNG terminal, CNG and city gas.
KOGAS Signs MOU on Building Fuel Cells with Technical University of Denmark
KOGAS signed an MOU on the research and commercialization of key technologies related to fuel cell systems for Korean and European buildings with the Technical University of Denmark. The two sides signed the agreement on the sidelines of the Global Green Growth Forum (3GF) on June 6.
KOGAS owns a key patent technology for producing hydrogen, while the Technical University of Denmark possesses a propriety component technology of drawing electricity from hydrogen.
The 3GF was established with the goal of promoting cooperation and sustainable resource use among industry, companies and institutions for continued economic growth and reducing greenhouse gas emissions. Korea, Denmark and Mexico proposed the establishment of the 3GM, and such countries as China and Kenya are participating in the forum.
_가스공사 이승훈.jpg)
_가스공사 인도.jpeg)
