Woodside Energy and Korea Gas Corporation (KOGAS) have signed an agreement to study the feasibility of a green hydrogen pilot project.
The agreement builds on a memorandum of understanding signed by the two companies midway through last year, with Woodside and KOGAS having held a series of joint workshops investigating the potential of hydrogen as a future fuel.
Woodside and KOGAS plan to examine the feasibility of a green hydrogen project across the entire value chain, including production, storage, transportation and distribution.
Reinhardt Matisons, Woodside executive vice president marketing trading and shipping, signed the agreement and said the collaboration represented the company’s culture of innovation.
“This agreement will allow us to progress our work identifying and exploring options for hydrogen production and supply chains,” Matisons said.
“KOGAS and Woodside have a longstanding relationship and it is fitting that we are taking steps together towards a low-carbon energy future.”
A KOGAS spokesperson said: “We will continue to expand the research in various fields necessary to create economic and stable hydrogen production and supply infrastructure in line with the government’s energy conversion policy and the hydrogen economy revitalisation roadmap.”
The agreement was signed at the KOGAS stand in the Gastech exhibition hall at a ceremony attended by Woodside chief executive officer Peter Coleman, who told delegates that hydrogen was one of the new lower-carbon energy solutions the company was working on.
“We are considering all options for managing and reducing emissions from our facilities, whether through changes in facility design or improving the efficiency of our operations,” Coleman said
“As Woodside heads into a growth phase in northern Australia, we are looking to integrate renewable and gas-fired generation to power our facilities, with environmental and commercial benefits.”