Opportunities to transform energy and transportation matrix to natural gas evaluated

The Ministry of Industry, Commerce and Mipymes (MICM) and the South Korean state-owned natural gas company, Korea Gas Corporation (KOGAS), analyzed the prospects and opportunities for transforming the electricity generation and fuel matrix in the Dominican Republic, as part of the Government’s vision of complementing the country’s electricity and mobility with other alternatives.

The Minister of the MICM, Víctor Bisonó, received in his office Lee Woojinm, General Manager and of the Business and Integration Department of the Commercial Development Team of Electric Energy together with Kiho Moon, Head of the Business Department of KOGAS, with whom he exchanged views on the Government’s plans to promote the consumption of natural gas.

Bisonó said that from the Dominican State there is a firm decision to diversify the energy generation matrix towards Natural Gas over fossil fuels, which will mean a greater consumption of natural gas.

“As the body that regulates and outlines public policies in this sector, we can say that in our country investments will always be welcome and even more so when they contribute to continue advancing in this diversification and towards the goal of Dominicans having more and more access to fuels that are equally efficient and more environmentally friendly”, said Bisonó.

With the transformation of the country’s fuel matrix, the government headed by President Luis Abinader seeks to reduce pollution, promote greater efficiency and produce significant foreign exchange savings.

Since 2018, KOGAS has become the largest natural gas importer in the world, operates four regasification terminals and 4,945 kilometers of natural gas pipelines in South Korea.

The company has a stake in the Prelude facility in Australia, the world’s largest floating production structure, along with investors Shell, Inpex Corporation and CPC Corporation.

During the meeting, Minister Bisonó was accompanied by MICM Chief of Staff, Jonathan Bournigal, and by Deputy Ministers Carlos Flaquer, of Free Zones and Special Regime, Vilma Arbaje, of Foreign Trade, and Ramón Pérez Fermín, of Domestic Trade.

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