Posco Daewoo has signed a memorandum of understanding (MoU) with Brunei National Petroleum Company Sendirian Berhad (Petroleum Brunei) on liquefied natural gas (LNG) value chain business expansion. LNG value chain development includes exploration, production, liquefaction, transportation and marketing. Both the companies will jointly explore and develop Brunei’s domestic and overseas blocks as well as deep-sea blocks being developed by Posco Daewoo and review a joint investment in infrastructure projects including LNG liquefaction and import terminals. The two companies will also share information on overall LNG value chain from LNG bunkering to supply.
