KN Energies and SK Innovation E&S extend Strategic Framework Agreement

During a business visit in Hanoi, KN Energies – an international LNG and energy infrastructure developer and operator – and South Korea’s SK Innovation E&S (“SKI E&S”) – a global energy company within the SK Group, one of the largest conglomerates in the Republic of Korea – signed an extension of their Strategic Framework Agreement. The agreement strengthens cooperation in LNG and green energy projects across the Asia-Pacific region.
 
The agreement was signed by Darius Šilenskis, CEO of KN Energies, and Namho Kim, Vice President of SKI E&S Global Business Development Office.
 
This extension marks an important step forward in the partnership that began in May 2023 in Lithuania. Building on two years of cooperation in international LNG business development, the renewed Framework Agreement broadens the scope of joint activities to include project development across the Asia-Pacific region, with particular focus on Southeast Asia. The agreement also deepens collaboration in LNG infrastructure, hydrogen, carbon capture, and energy storage solutions.
 
“Over the past two years, together with SKI E&S, we have been actively exploring projects that leverage the strengths of both companies – KN Energies’ international experience in LNG terminal development and operations combined with SKI E&S’s global energy expertise, advanced technologies, and market access,” said Darius Šilenskis, CEO of KN Energies. “By extending our partnership during the meeting in Hanoi, we reaffirm our joint commitment to develop new LNG infrastructure and green energy solutions, particularly in Southeast Asia, where energy demand is growing significantly, along with the need to scale up renewables and reduce the carbon share in the energy mix.”

Vice President Namho Kim of SKI E&S commented: “Our partnership with KN Energies reflects SKI E&S's strategic approach to global growth in the LNG and clean energy sectors. Vietnam and Southeast Asia represent dynamic markets where our combined strengths create strong potential for new business opportunities, support energy stability, and contribute to global energy transition goals.”
 
The signing ceremony in Hanoi reflects the growing strategic alignment between Lithuania, the Republic of Korea, and the broader Indo-Pacific region, as Lithuania continues to expand its international partnerships and energy cooperation across Asia.