Singapore’s Energy Market Authority and South Korea’s Kogas have signed a memorandum of understanding to collaborate in liquefied natural gas (LNG) procurement and supply chain management.

EMA said in a statement the MoU was signed on Wednesday at Kogas’ Incheon LNG terminal by Ngiam Shih Chun, CEO of EMA, and Choi Yeon-Hye, president and CEO of Kogas.

Under the wide-ranging agreement, EMA and Kogas will share best practices and knowledge on the procurement and management of LNG supplies, as well as exchange of personnel for training and learning purposes.

“As a small country with limited natural resources for power generation, natural gas will remain a major component in our energy mix while Singapore shifts towards cleaner and greener energy sources,” Ngiam said.

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