Korea Gas Corporation (KOGAS) signed a Memorandum of Understanding (MOU) with Mongolian state-owned company Erdenes Tavan Tolgoi and Mongolia’s largest drilling company Elgen LCC to strength the construction of the Korean-Mongolian research cooperation network. As a result, plant technologies aimed at rendering non-traditional energy sources into usable resources are expected to be further improved.

The deal was made to provide business support and forge a partnership between Korea and Mongolia as part of an improvement in resource-making technologies for the Tavantolgoi coal deposit, which is ranked as the world’s largest undeveloped coal deposit.

The three companies will analyze coal-bed methane (CBM) and share production technologies and technologies for enhanced CBM recovery. In particular, KOGAS will be able to improve the level of its research and development of resource-making technologies using non-traditional energy sources.

The R&D division head said, “Resource-making technologies for coal deposits will be successfully developed with a newly-signed business partnership between the three companies.”

Meanwhile, Mongolia’s massive state-owned coal mine, the Tavan Tolgoi, is the largest among 15 coal mines in the country, where an estimated 6.8 billion tons of coal are buried.

Source: BusinessKorea