Australia’s Woodside Power Group Ltd. has signed a memorandum of understanding (MOU) with Hyundai Engineering and Hyundai Glovis protecting LNG mission improvement, engineering companies and transport logistics.
“Woodside is happy to be deepening our longstanding relationship with Hyundai by way of this settlement. We’re assured the synergies and complementary strengths of our organizations will assist the supply of high-quality LNG options to satisfy rising international demand”, Mark Abbotsford, Woodside Government Vice President and Chief Business Officer, mentioned in a media launch.
Woodside mentioned the events will concentrate on advancing execution functionality and increasing their attain into precedence LNG markets.
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“This settlement permits Hyundai Engineering to broaden our international LNG expertise by working alongside a world-class LNG developer. We’re assured in our potential so as to add worth throughout the complete engineering spectrum and ship built-in options for Woodside initiatives”, Myoung-Kun Son, Hyundai Engineering Chief Working Officer, mentioned.
Woodside’s success in LNG improvement, Hyundai Engineering’s broad expertise in engineering, procurement, and development, and Hyundai Glovis’s worldwide transport capabilities collectively place the events to successfully meet growing LNG demand in Asia-Pacific markets and a few new areas, Woodside mentioned.
“We’re proud to accomplice with Woodside to discover long-term maritime options that assist dependable LNG provide. Our international transport footprint and experience make us well-positioned to contribute to this strategic collaboration”, Taewoo Kim, Hyundai Glovis Head of Logistics Enterprise, mentioned.
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