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South Korea's POSCO Completes LNG Terminal

LNG

South Korea’s POSCO said on Tuesday that it has completed construction of the country’s first LNG terminal on the southern coast.

  • A second terminal is set to start two years later.
  • With the latest tank online, the Gwangyang LNG Terminal is now running six tanks with a combined storage capacity of 930,000 kiloliters.
  • "POSCO International has completed construction of the sixth and final tank with a capacity of 200,000 kiloliters at the Gwangyang LNG Terminal," a company official said.
  • Once the second terminal comes online, POSCO International will have two LNG terminals with a total capacity of 1.33 million kiloliters - enough to be used in the country for 40 days.
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