ADNOC, Korea's GS Energy to explore opportunities to grow Abu Dhabi's hydrogen economy | ZAWYA MENA Edition
Abu Dhabi National Oil Company (ADNOC) and South Korea's GS Energy agreed to explore opportunities to grow Abu Dhabi’s hydrogen economy and carrier fuel export position.
During a virtual business trip hosted by ADNOC on Thursday, Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group Managing Director and CEO, and Yun-Mo Sung, Korean Minister of Trade, Industry and Energy, discussed new opportunities to expand upon the UAE and Korea’s many years of strong bilateral ties.
The discussion focused on possible areas for further economic partnership, the global climate challenge, the promise of hydrogen and opportunities for greater UAE-Korea industrial cooperation, which had in attendance of Yongsoo Huh, the President and CEO of GS Energy.
"Approximately ten percent of South Korea’s crude oil is currently imported from the UAE, Korean companies are significant stakeholders in several of Abu Dhabi’s upstream concessions and Korean contractors today play critical roles on major projects across our oil and gas value chain," Dr. Al Jaber said.
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