Korea Gas corporation signs MOU with Mongolia on coal development

Korea Gas Corporation signed a MoU with Mongolian state owned company Erdenes Tavan Tolgoi and Mongolia’s largest drilling company Elgen LCC to strength the construction of the Korean-Mongolian research cooperation network.

As a result, plant technologies aimed at rendering non-traditional energy sources into usable resources are expected to be further improved.

The deal was made to provide business support and forge a partnership between Korea and Mongolia as part of an improvement in resource-making technologies for the Tavantolgoi coal deposit, which is ranked as the world’s largest undeveloped coal deposit. 

The 3 companies will analyze coal-bed methane (CBM) and share production technologies and technologies for enhanced CBM recovery. In particular, KOGAS will be able to improve the level of its research and development of resource-making technologies using non-traditional energy sources. 

The R&D division head said that “Resource-making technologies for coal deposits will be successfully developed with a newly-signed business partnership between the three companies.”

Source - www.businesskorea.co


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