POSCO completes expansion of Gwangyang LNG terminal

The POSCO group has completed the construction of its second liquefied natural gas (LNG) terminal in Gwangyang, South Korea, according to reports by Asia Economy and Financial News. The project, which involved an investment of approximately 949.2 billion won, is expected to increase the company's storage capacity by 43% to 1.33 million kiloliters.

Chairman Jang In-hwa stated that the new facility would contribute to South Korea's national energy security and serve as a forward base for gas supply. Further details regarding the commencement of full operations at the terminal have not yet been released.