South Korea LNG news
GTT receives order from HD Hyundai Samho Co. for LNG carrier tank design
GTT has received an order from HD Hyundai Samho Co. for the tank design of four new LNG carriers, on behalf of a European ship-owner.
TotalEnergies signs HoA with HD Hyundai Chemical until 2033
TotalEnergies has announced the signing of a heads of agreement with HD Hyundai Chemical for the delivery of 200 000 tpy of LNG for seven years starting from 2027.
ANGEA enters MoU with Korean Private LNG Industry Association
The Asia Natural Gas and Energy Association and the Korean Private LNG Industry Association have announced a new memorandum of understanding.
BNCT performs Korea’s first simultaneous operations
BNCT has performed simultaneous operations of LNG bunkering and containership cargo loading/unloading for the first time in Korea.
TotalEnergies increases LNG deliveries to Asia
TotalEnergies has announced the signing of two new LNG medium and long-term contracts in Asia.
KOMIPO and Vitol extend long term LNG supply contract
Korea Middle Power Co Ltd and Vitol have agreed to extend an existing long-term LNG supply and purchase agreement.
bp and KOGAS sign long-term LNG SPA
bp has entered into a long-term LNG sale and purchase agreement with Korea Gas Corp.
ORION SPIRIT to set sail as Korea's 500th LNG carrier exported since 1994
Ministry of Trade, Industry, and Energy Minister, Dukgeun Ahn, attended the naming ceremony for the LNG carrier ORION SPIRIT on 18 April 2024 at Samsung Heavy Industries’ Geoje Shipyard, marking the 30th anniversary of Korea's first LNG carrier built in 1994.
Rystad: LNG maintains grip on fuels despite dual fuel growth
Rystad energy reports that despite the growth in dual fuels, LNG remains supreme in terms of shipping fuel choices.
GlobalData: oil and gas contract value sustains despite 22% drop in volume during 2023
Oil and gas industry exhibits resilience as contract value sustains despite 22% drop in contract volume during 2023, reveals GlobalData.