POSCO International completes second Gwangyang LNG terminal, boosting storage to 1.33 million kiloliters
POSCO International finished construction of its Gwangyang No. 2 LNG terminal on 10 Nov 2026. The project cost 949.2 billion won and took 47 months, adding two 200,000‑kiloliter storage tanks and a berth for 270,000‑cubic‑meter carriers. Total LNG storage rose from 930,000 kiloliters to 1.33 million kiloliters, enough to supply South Korea for about 40 days.
Why it matters
The expanded capacity strengthens POSCO’s LNG value chain and supports national energy security, which the company says will improve its trading competitiveness (). The larger storage base may enable new revenue streams such as LNG bunkering and ship‑to‑ship services ().
Key facts
- 1The terminal project cost 949.2 billion won. koreatimes.co.kr
- 2Construction took 47 months. koreatimes.co.kr
- 3Two new storage tanks of 200,000 kiloliters each were added. biz.chosun.com
- 4Total LNG storage capacity increased to 1.33 million kiloliters, up from 930,000 kiloliters. biz.chosun.com
- 5The capacity increase represents a 43% rise. finance.biggo.com
- 6The new berth can accommodate LNG carriers up to 270,000 cubic meters. koreatimes.co.kr
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.