South Korea LNG news

In the July 2023 issue of LNG Industry, Richard Acklam, Associate Principal, Charles River Associates, highlights the key trends in the Asia Pacific LNG market, whilst touching on relevant global developments to analyse how they are affecting the Asia Pacific region. This special report lists the references for this article.

LX International has entered the LNG terminal business. The company is expected to accelerate the eco-friendly transformation of its business portfolio.

Hyundai LNG Shipping has started operating an LNG bunkering vessel.

Cheniere Energy’s subsidiary, Cheniere Marketing International LLP, has entered into a long-term LNG sale and purchase agreement with Korea Southern Power Co. Ltd.

The order is for the tank design of two new LNG carriers on behalf of a European ship owner.

The order comes from its Korean partner shipyards, Hyundai Heavy Industries and Hyundai Samho Heavy Industries.

Under the agreement, POSCO International has agreed to purchase approximately 0.4 million tpy of LNG from Cheniere Marketing on a FOB basis for a term of 20 years beginning in late 2026.

The order is for the tank design of a new LNG carrier with a total LNG tank capacity of 174 000 m3.

Energy Transfer LNG has agreed to supply LNG to SK Gas under an 18-year agreement from the company’s Lake Charles LNG export facility, Louisiana, US.

GTT have been entrusted by DSME for the tank design of two new LNG carriers.