Posco International completes Gwangyang LNG terminalPosco International completes Gwangyang LNG terminal
South Korea’s trading company Posco International has completed the construction of its first LNG terminal at Gwangyang.

The first terminal has a total LNG storage capacity of 930,000 cu metres in six tanks, combined with port facilities covering 180,000 cu metres.
Posco has invested KRW1.45 trillion ($1.03 billion) over a 20 year period in the construction of the terminal. The facility’s first tank became operational in 2005 and now, with the completion of all six tanks, the terminal is fully functional.
In addition to supplying natural gas for power generation or processes by key national industries, the terminal will offer services such as unloading, storing, vaporizing, and transmitting natural gas directly imported by users.
“Gwangyang’s first LNG terminal has contributed to national economic development and energy security since it was the first private company in Korea to begin commercial operation in 2005,” said Choi Nam-ho, South Korea’s Second Vice Minister of Trade, Industry, and Energy.
“In a situation where the uncertainty of corporate management is increasing due to the instability of international energy supply and demand, the government will mobilize all available means to minimise the impact on the industry.”
Posco International is constructing a second LNG terminal adjacent to the first and broke ground on Gwangyang Terminal 2 in January last year. It’s expected to be completed in 2026.
Alongside renting the existing LNG storage tanks, the firm plans to support domestic and international industries by developing related services, such as LNG ship commissioning and bunkering. The company is also exploring opportunities in the blue hydrogen sector, aligning with South Korea’s broader energy strategies.
“Going forward, we will ensure a stable supply of domestic energy and steadily strengthen our competitiveness in the global energy market through digital transformation that automates and optimises the operation management of the Gwangyang LNG Terminal,” commented Posco International President Lee Kye-in.
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