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Marine Environment & Fuels

Tripartite MOU to develop LNG business environment

JERA, Korea Gas Corporation and CNOOC Gas and Power Trading & Marketing have signed a Memorandum of Understanding to develop the storage and shipping of liquefied natural gas.

  • MOU will see companies discuss collaboration for LNG, including joint procurement and participation of projects.
  • Due to the fluctuating demand of LNG, JERA has said it believes accommodation schemes between buyers are essential to developing the business environment.
  • MOU expected to build a platform to share views on LNG and help to gain greater flexibility in procurement.

Read more on JERA’s press release.

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