LNG
(Midstream)

Leveraging its capabilities as a Globally Integrated Corporation, POSCO INTERNATIONAL is expanding our LNG trading business while building on this initiative to proactively tap into the overseas LNG infrastructure and LNG bunkering market. In the LNG trading sector, we became the 1st Korean trader to initiate LNG trading in 2017, and is promoting the integrated procurement of LNG and increasing trading volume on the POSCO Group level since hawse have become solely responsible for POSCO Group’s LNG trading operations. We are also planning to take the leading role in developing business across the entire LNG value chain, including POSCO Group’s joint receiving terminal, liquefaction plants, pipeline and Gas-to–Power business, as a way to explore business opportunities in LNG infrastructure business in alignment with gas business strategy of POSCO Group. In response to the expected growth in LNG demand for vessels, we will work with POSCO Group and a consortium of affiliated companies to establish LNG bunkering infrastructure.

Major Project

Oman LNG Plant

  • Oman LNG Plant 1
  • Oman LNG Plant 2
  • Oman LNG Plant 3
  • Oman LNG Plant 4
  • Participation : 1997 (Started production in 2000)
  • Equity : 20% of KOLNG (1% of OLNG)
  • Capacity : 6.6MT/year
  • Parties : The Government of the Sultanate of Oman, Shell, Total, KOLNG*(Korea LNG), Partex, Mitsubishi, Mitsui, Itochu
    * KOLNG: KOGAS, Hyundai Corporation, Samsung C&T, SK Innovation