LNG

South Korea’s Posco Daewoo signs MOU on LNG with Brunei

Posco Daewoo has signed an MOU with Brunei National Petroleum Co. to develop LNG solutions
By Staff reporter 29 November 2018 0 33497

Posco Daewoo, the trading and energy development unit of South Korean steelmaker Posco, has signed a memorandum of understanding (MOU) with Brunei National Petroleum Co. to develop LNG solutions, Posco Daewoo said on Wednesday.

The MOU will see both companies cooperating in the exploration and development of blocks in Brunei and overseas, as well as a deepsea mining development being pursued by Posco Daewoo.

The companies will also explore joint investment in LNG infrastructure such as liquefaction and regasification terminals as...