Sempra Infrastructure, a subsidiary of Sempra and Korea Gas Corporation (KOGAS) announced the signing of a memorandum of understanding (MOU) to investigate prospects for collaboration in the global energy transition to lower-carbon and zero-carbon fuels.
The MOU envisions the firms collaborating on project development and offtake across a range of business sectors, including LNG, carbon capture and sequestration, and hydrogen infrastructure.
“We are excited to work with KOGAS to advance the development of a series of critical, energy-transition projects,” said Justin Bird, CEO of Sempra Infrastructure. “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.”
“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,” said Chae Hee-bong, KOGAS CEO and President.
Sempra Infrastructure is currently developing a number of world-class energy transition projects in North America, including LNG export projects serving customers in the Atlantic and Pacific Basins, as well as new opportunities in renewable energy, carbon capture and sequestration, hydrogen, and ammonia.
