South Korea and Malaysia Strengthen Energy Cooperation Through Joint Projects
Key Ideas
- South Korea's Deputy Minister for Energy Policy met with Petronas' Gas and Maritime Business CEO to discuss energy cooperation, including LNG, hydrogen, and CCS projects.
- Both countries are involved in joint projects such as an overseas gas field project and expressed interest in continued LNG collaboration.
- Korea requested support for the green hydrogen and ammonia project in Sarawak, and for the Shepherd CCS Project, aiming for a bilateral memorandum of understanding for cooperation.
- The partnership demonstrates a positive step towards sustainable energy solutions and international collaboration in the energy sector.
South Korea and Malaysia are enhancing their energy cooperation through joint projects, as discussed in a meeting between South Korea's Deputy Minister for Energy Policy and Petronas' Gas and Maritime Business CEO. The Malaysian state-owned energy company, Petronas, is currently collaborating with Korean firms on various fronts, including liquefied natural gas (LNG), hydrogen, and carbon capture and storage (CCS) projects. Both countries have existing LNG supply contracts and are exploring opportunities in green hydrogen and ammonia projects. South Korea also sought support for the Shepherd CCS Project, aiming to transport carbon dioxide for storage. The discussions included the possibility of a bilateral memorandum of understanding to facilitate cooperation in CCS initiatives. This partnership signifies a positive step towards sustainable energy solutions and highlights the importance of international collaboration in advancing the energy sector.