ExxonMobil reports that it signed a memorandum of understanding with the Korea Institute of Energy Technology Evaluation and Planning and the Korea Gas Corp. (Kogas) to hold discussions concerning natural gas technologies and new energy technologies.
The agreement will focus on the natural gas value chain, including cryogenic materials, hydrogen production and fuel cell utilization, energy efficiency technologies and technologies associated with robotics and automation.
The multi-year agreement was signed in the presence of Youngsam Kim, director general of investment policy at the Korea Ministry of Trade and Industry; Sara Ortwein, president of ExxonMobil Upstream Research Company; Richard Guerrant, vice president of ExxonMobil Gas and Power Marketing Co.; and Graham Dodds, president of ExxonMobil in Korea.
“This memorandum of understanding establishes a framework that allows for information exchange on liquefied natural gas technology, research and development projects and best practices,” says Rob Franklin, president of ExxonMobil Gas and Power Marketing. “It will enable professional exchanges that will help expand our joint capabilities.”
Graham Dodds, president of ExxonMobil in Korea, noted that ExxonMobil has had a presence in Korea for more than 40 years, and through its ventures supplies about 30% of LNG demand, manufactures and markets Mobil-branded lubricants and markets ExxonMobil chemical products in the country.
Image: KoGas LNG carrier / Kogas
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