LNG

May 22 (LNGJ) - Korea Trade Insurance Corp. (K-Sure) said it would underwrite the construction of the proposed Kuwait onshore LNG import terminal to the tune of US$1.15 billion. The South Korean companies Hyundai Engineering and Korea Gas Corp. formed a consortium and secured the construction contract for the facility to be completed at the Gulf state’s Al-Zour industrial zone by 2020. Kuwait National Petroleum Co currently imports LNG via a floating facility at the port of Mina Al-Ahmadi, located south of Kuwait City.