The event in Tokyo was attended by Hanwha Aerospace CEO Son Jae-il and Venture Global CEO Michael Sabel, along with senior government officials from both countries including South Korea’s Industry Minister Kim Jeong-gwan and U.S. Interior Secretary Doug Burgum, the company said.
The United States held the Indo-Pacific Energy and Minerals Ministerial and Business Forum, or IPEM, in Tokyo on March 14-15, inviting 12 countries from the Indo-Pacific region, including South Korea.
Hanwha Aerospace previously signed a deal with Venture Global last month to receive 1.5 million tons of LNG a year for 20 years starting in 2030.
“This energy cooperation will once again demonstrate the firm partnership between South Korea and the United States to strengthen energy security,” Son said. “Based on our capabilities in energy and defense, we will continue to play our role as a global security partner.”
Hanwha Aerospace said it is working with affiliates to build a global LNG value chain spanning production, distribution and use. Hanwha Ocean has capabilities in building LNG carriers and offshore infrastructure such as floating LNG production facilities, or FLNG. Hanwha Energy operates LNG power generation, and Hanwha Shipping is responsible for stable maritime transport of LNG.
* This article has been translated by AI.
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