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    Kogas to Explore CBM in Mongolia

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Summary

Korea Gas Corporation (KOGAS) signed a Memorandum of Understanding (MOU) with Mongolian state-owned company Erdenes Tavan Tolgoi and Mongolia’s largest drilling company Elgen LCC to cooperate in exploiting unconventional energy sources into usable resources, Business Korea reported earlier this week.

by: shardul

Posted in:

Asia/Oceania

Kogas to Explore CBM in Mongolia

Korea Gas Corporation (KOGAS) signed a Memorandum of Understanding (MOU) with Mongolian state-owned company Erdenes Tavan Tolgoi and Mongolia’s largest drilling company Elgen LCC to cooperate in exploiting unconventional energy sources into usable resources, Business Korea reported earlier this week.

The three companies will analyze coal-bed methane (CBM) and share production technologies and technologies for enhanced CBM recovery, the news report said.

The deal was made to provide business support and forge a partnership between Korea and Mongolia as part of an improvement in resource-making technologies for the Tavantolgoi coal deposit, which is ranked as the world’s largest undeveloped coal deposit, Business Korea said. 

Mongolia’s state-owned coal mine, the Tavan Tolgoi, is the largest among 15 coal mines in the country.

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