Our local projects and commitments

OUR PARTNERS

Hanwha, established in 1952, is dedicated to growing together with partners and customers. Across the entire range of its businesses, Hanwha delivers energy to customers, partners, communities as well as generations to come in order to make our future more vibrant and sustainable.

Hanwha and TotalEnergies jointly operate a large petrochemical complex consisting of 14 units in Daesan, South Chungcheong Province. Its output spans olefins and polyolefins (polypropylene, polyethylene, etc.), base petrochemicals (styrene monomer, etc.), fuels, solvents and other downstream petrochemicals used in everyday life.

TotalEnergies's partner in petrochemicals

S-Oil, established in 1976, has grown into one of the most competitive oil refiners in the Asia-Pacific region. It operates the Onsan Refinery, which has a capacity of 669,000 barrels per day, and other facilities that produce petrochemicals and lube base oils.

TotalEnergies's partner in lubricants since 2008

Kogas imports LNG from around the world and supplies it to power generation plants, gas utilities and city gas companies throughout Korea. Kogas produces and supplies natural gas, purifies and sells gas by-products, and builds and operates production facilities and the distribution network. It imports and exports natural gas for domestic and overseas markets and is also active in gas exploration and production.

Kogas has received sovereign credit ratings of A1 and A, the highest ever given to a Korean company by Moody's and S&P.

TotalEnergies and Kogas

TotalEnergies supplies Kogas with LNG from its major projects and worldwide portfolio. The partners cooperate to ensure a secure supply of LNG to the Republic of Korea through several key long-term contracts. TotalEnergies and Kogas are also equity partners in Yemen LNG, Oman LNG and Australia's Gladstone LNG.

TotalEnergies-Kogas equity partnerships:

Yemen LNG: TotalEnergies 39.6% (operator), Kogas 6%

Oman LNG: TotalEnergies 5.54%, Korea OLNG (Korean consortium, led by Kogas) 5%

Gladstone LNG: TotalEnergies 27.5%, Kogas 15%

TotalEnergies's partner in LNG (Liquified Natural Gas)

Macquarie’s Green Investment Group (GIG) is a specialist in green infrastructure principal investment, project development and delivery, green impact advisory and the management of portfolio assets. Its track record, expertise and capability make it a global leader in green investment and development, dedicated to accelerating the green transition.

TotalEnergies's partner in Renewable Energy

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Our Commitment

TotalEnergies is a key supplier of oil and gas to Korea through highly valued cooperation with leading Korean refineries and gas companies from our worldwide portfolio. In particular, we have built a strong relationship with Kogas, supplying liquefied natural gas (LNG) to Korea and partnership in LNG projects. TotalEnergies is also a leader in the Korean lubricants market. We are the largest supplier of marine lubricants to Korean shipping companies and the S-Oil Total Lubricants joint venture is the second largest player of automotive and industrial lubricants in Korea with a market share of 14%. At the same time, we are strengthening our presence in renewable energy to support the growth of Korea’s renewable energy resources by investing in offshore wind power projects in Korea.”

Synergies in Chemicals

The Hanwha Total Petrochemical joint venture, a modern world class petrochemical complex, is a remarkable success story in our investment in Korea with excellent operation and a strategic location for the Chinese market. In Seoul and throughout the country EumSeong | Hutchinson is recognized as significant suppliers by their Korean customers.

Offshore Oil and Gas Project facilities and LNG carriers Made in Korea

Korea's heavy industry is also a long-established partner for our E&P projects, with most of TotalEnergies’ offshore oil and gas project facilities like Platforms, FPSOs (Floating Production Storage Offloading) and LNG carriers built or under construction at the shipyards of Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engeering in Geoje Island.

On the road to Net Zero, Offshore Wind Power developments

TotalEnergies is moving forward for Korea’s Energy transition with tailored and competitive renewable energy solutions. Leveraging its expertise and strong partnership with the Korean heavy industry, TotalEnergies is investing in 2.3GW of wide-scale offshore wind power projects(BadaEnergy portfolio) in Ulsan-si and Jeollanam-do. In line with BadaEnergy developments, TotalEnergies seeks to cooperate with various industry sectors and tighten the existing bonds in Korea.

TotalEnergies in Korea