South Korea’s SK Group may join LNG forces with Malaysia’s Petronas

South Korean conglomerate SK Group and Malaysia’s energy giant Petronas could partner on liquefied natural gas (LNG) projects.

The two companies are already in talks for potential joint ventures in petrochemical and renewable energy projects, Reuters cited Yu Jeong Joon, chief executive of the conglomerate’s energy arm SK E&S as saying on Friday.

Yu did not elaborate further on the potential LNG cooperation.

South Korea is currently the world’s third-biggest LNG importer, while Petronas is the third-biggest LNG producer.

The news agency’s report also said that SK Group and the Malaysian government signed a memorandum of understanding to explore collaboration in energy, green technology, telecommunications and urban development.

LNG World News Staff