Korea Gas Corp., aka Kogas, is partnering with TotalEnergies under a tentative agreement to develop more liquefied natural gas (LNG) marketing and development opportunities.

Under a memorandum of understanding (MOU), South Korea’s state-run Kogas and the French supermajor could cooperate on improving LNG and low-carbon energy trading to increase price stability for the country.

Kogas CEO Chae Hee-bong said the agreement is the latest “valuable fruit” of the long-term cooperation between the firm and its French partner.

“We will do our best to improve the nation’s energy welfare by focusing on the introduction of competitively priced natural gas and stable supply and demand management by strengthening trading capabilities through the establishment of a strategic...