• Business


In 2017, we became the first domestic trader in the LNG trading sector, opening the doors of LNG trading and expanding our reach into the LNG trading market by developing overseas projects and leveraging our trading expertise and Gwangyang LNG terminal. Additionally, we are actively engaging in projects to develop overseas LNG infrastructure and LNG bunkering businesses, including import terminals and liquefaction plants in line with our expertise.
Gwangyang LNG Terminal
We operate an LNG terminal in Gwangyang. Equipped to load, unload, store, regasify, and distribute LNG supplied to the country, the Gwangyang LNG Terminal is the first private LNG import terminal in Korea.
LNG Import Terminal Name Gwangyang LNG Terminal
Location 2148-581 Jecheol-ro, Gwangyang-si, Jeollanam-do, Korea
Site area 260,000m2
Storage Capacity 730,000 ㎘
The Gwangyang LNG Terminal is a core asset in our LNG value chain, covering the entire process from natural gas transportation to final consumption. We seek to boost synergies by integrating midstream and downstream operations, including LNG trading (import), terminal operations (storage, regasification, and distribution), and the operation of LNG combined cycle power plants (power generation). Additionally, the Dangjin LNG Terminal (270,000 ㎘, two tanks) is under development with completion scheduled for December 2026. By leveraging the advantages of the Incheon Units 3 and 4 and its geographical location, the newly built terminal will be used for import/export and trading activities targeting the Northeast Asian market.
Completion of LNG Business Value Chain and Stable Procurement through Expanded LNG Trading
n 2017, we started LNG trading operations based on our expertise in overseas energy resource development, specialized trading capabilities, and the LNG demand within the POSCO Group. In 2023, we secured additional LNG business value chain from LNG import terminals to power generation by merging with POSCO ENERGY. We plan to contribute to stabilizing the domestic energy supply by stably procuring LNG through our dedicated vessels and an increase in trading volume.

In August 2020, we became the first in Korea to be awarded the 'Business Operator of Natural Gas for Ships’ title. Currently, we offer test drive services for LNG vessels at domestic and foreign shipyards and provide initial LNG supply to international shipping companies. Recently, we broadened our test drive services to include LPG vessels to become the largest test drive hub in Northeast Asia.

In September 2020, we acquired the 'Natural Gas Exporter and Importer' title, taking advantage of the strategically located Gwangyang LNG Terminal to expand LNG exports to the Northeastern Asian region, such as Japan and China. Furthermore, we launched our Storage & Reloading business to support the optimization of cargo operation for global trading companies.

Additionally, we plan to venture into the LNG bunkering business, through which we will be supplying low-carbon fuel LNG to ships. We will be building dedicated infrastructure for bunkering at the Gwangyang LNG Terminal, with which we hope to foster the domestic LNG bunkering market and proactively respond to international environmental policies.
Oman LNG Liquefaction Plant
Participating Year 1997 (first production in 2000)
Stake 20% of KOLNG (1% of OLNG)
Handling Capacity 7,100,000 tons a year
Participating Companies The Oman government, Shell, Total, KOLNG*(Korea LNG), Partex, Mitsubishi, Mitsui, and Itochu
* KOLNG : Korea Gas Corporation, Samsung C&T Corporation, Hyundai Corporation, and SK Innovation