POSCO International has completed the full construction of Gwangyang LNG Terminal 1 – marking the culmination of the mammoth KRW1.45trn project which took 22 years to build.
More than 100 personnel from government and client companies attended the completion ceremony of the terminal, which raises port facility storage to about 180,000 cubic metres (cbm).
Terminal 1 not only provides natural gas for power generation and manufacturing in Korea’s key industries, but also offers comprehensive services for unloading, storing, regasifying, and discharging natural gas directly imported by client companies such as POSCO, S-OIL, and SK E&S.
Storage Tanks No.5 and 6 are the first in Korea to use cryogenic high-manganese steel that POSCO invented for the first time.
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