Sempra infrastructure and KOGAS sign MOU exploring new infrastructure opportunities for energy transition.
Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Korea Gas Corporation (KOGAS) announced the companies have entered into a memorandum of understanding (MOU) to explore opportunities to cooperate in the global energy transition to lower-carbon and zero-carbon fuels.
The MOU contemplates the companies’ joint collaboration around project development and offtake across multiple business areas, including liquefied natural gas (LNG), carbon capture and sequestration, and hydrogen infrastructure.
Justin Bird, CEO of Sempra Infrastructure, said:
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We are excited to work with KOGAS to advance the development of a series of critical, energy-transition projects.
“Given our shared values and strategies, there are multiple opportunities for Sempra Infrastructure and KOGAS to collaborate across the lower-carbon value chain to deliver cleaner and more secure energy to our partners around the world.”
Chae Hee-bong, KOGAS CEO and President, said:
Signing this MOU, KOGAS and Sempra Infrastructure share a strong commitment to decarbonization and green energy, including a joint commitment to take a leadership role in the lower-carbon energy market.
“KOGAS will focus on securing a new growth engine for the future by developing new business projects with Sempra Infrastructure.”
Sempra Infrastructure is currently developing multiple world-class energy transition projects in North America, including LNG export projects to serve customers in both the Atlantic and Pacific Basin, as well as new opportunities in renewable energy, carbon capture and sequestration, hydrogen and ammonia.
The referenced MOU is non-binding, and the development of these joint projects is subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, and reaching a final investment decision with respect to each project. Thanks for staying up to date with Hydrogen Central.
About Sempra Infrastructure
Sempra Infrastructure delivers energy for a better world. Through the combined strength of its assets in North America, the company is dedicated to enabling the energy transition and beyond.
With a continued focus on sustainability, innovation, world-class safety, championing people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean power, energy networks and LNG and net-zero solutions, that are expected to play a crucial role in the energy systems of the future.
For more information about Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter.
About KOGAS
KOGAS has been supplying natural gas safely and reliably for 38 years to improve convenience in the lives of citizens and playing a key role in the transition to eco-friendly energy.
The company, as Korea’s representative global energy company, is currently engaged in 25 overseas projects from upstream sector to the downstream sector.
KOGAS will now lead the world energy industry to a new horizon to become the global standard for energy enterprise beyond Korea as the paradigm shifts towards eco-friendly energy. For more information about KOGAS, please visit www.kogas.or.kr.
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Sempra Infrastructure and KOGAS Sign MOU Exploring New Infrastructure Opportunities for Energy Transition, SAN DIEGO, April 4, 2022
