Posco International completes $750 million LNG terminal
![[POSCO INTERNATIONAL]](https://koreajoongangdaily.joins.com/data/photo/2024/07/09/3c79a44d-9c4a-483f-93ad-74b5c5593af7.jpg)
[POSCO INTERNATIONAL]
Posco International completed construction of its liquefied natural gas (LNG) terminal in Gwangyang, South Jeolla, where the Korean company has invested a total of 1.04 trillion won ($750 million) over the two decades since construction first began in 2002.
The terminal has six LNG tanks, which can store 930,000 kiloliters (246 million gallons) and a liquefied petroleum gas carrier with a capacity of 86,000 kiloliters.
Posco International is also building a second 930 billion won LNG terminal in Gwangyang, which is expected to be completed in 2026.
BY SARAH CHEA [chea.sarah@joongang.co.kr]
with the Korea JoongAng Daily
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