Yonhap
The South Korean government discussed with the government of the Sultanate of Oman ways to enhance cooperation in energy, as the Sultanate of Oman is the fifth largest exporter of liquefied natural gas to South Korea.
Today, Thursday, the Ministry of Industry, Trade and Energy in Seoul said that the Second Deputy Minister of Industry, Kang Kyung-sung, held talks with the Undersecretary of the Ministry of Energy and Minerals in the Sultanate of Oman, Mohsen bin Hamad bin Saif Al-Hadrami, to discuss the importance of securing a stable energy supply chain between the two countries. South Korea to attend the 2023 World Climate Industries Expo (WCE) in the southeastern coastal city of Busan.7
Kang asked Al-Hadrami to pay attention to strengthening bilateral cooperation in energy in the future through the participation of South Korean companies with excellent technologies and abundant experience in the green hydrogen project in the Sultanate of Oman.
Green hydrogen is produced by the electrolysis of water using renewable energy such as wind and solar energy. The cost of the green hydrogen project, with a capacity of 5 gigawatts, is between $6 billion and $7 billion.
A Korean consortium, made up of Korean companies including POSCO and Samsung Engineering, was selected as the best bidder for the green hydrogen project.
The ministry said it plans to provide active support to Korean companies to help them advance to the Middle East by expanding cooperation between South Korea and the Middle East.