Kosan Crisplant, Kogas Sign LNG MoU

Kosan Crisplant has signed a MoU on June 6, 2016 with Kogas to cooperate in the LNG space.

With this MoU, the Aarhus, Denmark based Kosan will engage with players outside of its core business, LPG. As per the memorandum, the two parties will develop advanced technologies related to LNG bunkering facility and advanced LNG bunkering technologies including high efficient BOG (boil off gas) treatment and small-scale LNG. Kosan and Kogas will perform pilot and demo projects for LNG-fuelled ships, LNG bunkering and small-scale LNG logistics business using ISO LNG tank container, Kosan said on Tuesday.

"We're honoured that the world's largest LNG buyer and regasification terminal operator, KOGAS, has seen a potential in a co-operation with us. This proves to us that our position as one of the leading European players in the LNG business when it comes to small-scale LNG solutions is justified and that we are a force to be reckoned with." Kosan CEO, Anders C. Anderson said.

Kogas has signed some important LNG cooperation MoU this year. In April, Total signed a memorandum with Kogas during the LNG 18 conference in Perth, Australia, to reinforce mutual cooperation to explore opportunities throughout the LNG value chain. The two entities will look to jointly identify and pursue opportunities to develop the LNG market in Asia and in new importing countries and to cooperate in LNG trading and terminal optimization.

The South Korean firm also signed an agreement with Australia’s Woodside. The Australia energy company currently supplies LNG to Kogas, with LNG primarily sourced from Pluto LNG.