Korean Kogas Technology and Doha-based Imperial Holding ink cooperation agreement
KOREAN giant company Kogas Technology and Imperial Holding, a Qatarbased group of companies, have signed a memorandum of understanding (MoU) to expand mutual cooperation and collaboration in the fields of LNG and hydrogen energy.
The agreement was signed at a ceremony attended Ambassador of South Korea to Qatar HE Lee JoonHo, President and CEO of Korea Gas Technology Cho Yong-Don, President and CEO of Imperial Holdings Dr Ali Rana Sajad, Ambassador of Pakistan HE Dr Muhemmed Aejaz, Ambassador of Bulgaria HE Plamen Delev, Commercial Counsellor at Embassy of Korea Wie Kyu Park, Director-General, Korea Trade Investment Promotion Agency (Kotra) Qatar Hanseung Kim and other dignitaries.
Peaking on the occasion, Ambassador Joon-Ho said that both Qatar and Republic of Korea have been enjoying strong bilateral diplomatic relations since 1974 and contributing significantly in the development of each other’s country.
He said that both the countries are now expanding mutual cooperation in new sectors including ICT, carbon capture, infrastructure, climate change and as matter of fact in whole energy supply chain LNG.
Commenting on the signing of the MoU between the two companies, the Korean envoy said that he believes that cooperation between the two entities will be a stepping stone, a bench mark
and a new chapter of cooperation in private sector as Korean Gas Technology is the largest technology company in South Korea.
He said this agreement will further strengthen bilateral business relations between Qatar and Korea.
Pakistan Ambassador Dr Muhemmed Aejaz expressed happiness to see Imperial Holding, a Doha-based Pakistani-owned company showing a direction to fellow business community members on how to engage with this region, adding that another area of expertise that Korean companies are bringing in is of huge important to Pakistan.
Korean Gas Technology (Kogas Tech) is a subsidiary of Korea Gas Corporation, one of the world’s largest Energy Companies.
The MoU will focus on cooperation and collaboration in the fields of LNG and Hydrogen energy, including the
development of new technologies, training and joint research and development projects.
The partnership will allow Power Engineering Corporation (PEC), a wholly-owned subsidiary of Imperial Holdings Qatar, to benefit from Kogas Tech’s expertise and experience in the energy sector, while providing Kogas Tech with the opportunity to expand its presence in Qatar. Both companies are committed to working together to promote sustainable energy solutions and becoming leading players in the energy industry in Qatar.
“We are excited to partner with Kogas Tech and look forward to working together to advance the energy sector in Qatar,” said Dr Ali Rana, CEO of Imperial Holdings Qatar. “This MoU is a significant step towards achieving our mutual goals of sustainable energy solutions and economic growth.”