Asia/Pacific News
South Korea To Study LNG Bunkering
Det Norske Veritas (DNV) says it has agreed to work with Korea Gas Corporation (KOGAS) to study the feasibility of liquefied natural gas (LNG) bunkering in South Korea.
DNV will consider the potential for bunkering in Busan, Incheon, and Pyeongtaek, and KOGAS has formed consortiums with the other major energy companies - Kyungnam Energy in the Southeast and Samchully in the west - to carry out the study.
The study will address commercial opportunities for LNG distribution and shipping, possible supply chains and infrastructures, technologies for shipping and bunkering, and standards and regulations.
"DNV is leading the development of rules and recommended practices in the LNG sector, including the development of bunkering standards," said Jon Rysst, regional manager of DNV Korea & Japan.
"We are thrilled to provide our expertise to KOGAS, the largest LNG importing company in the world."
DNV said KOGAS hopes to make Korea one of the first movers in global LNG bunkering, and it aims to expedite the development of LNG bunkering infrastructures and LNG bunkering vessels.
South Korea is the world's second-largest buyer of LNG, but it has recently reduced imports of the fuel.
