South Korean maritime classification society reports on LNG bunkering progress at POSCO dock at Gwanyang
The Korean Register (KR), the maritime classification society of South Korea, said simultaneous operations of ship-to-ship bunkering of liquefied natural gas were successfully conducted at the Port of Gwanyang, where there is also an LNG import terminal.
Korean LNG launch
Nov 11 (LNGJ) - The South Korean energy subsidiary of steelmaking conglomerate Posco has begun operating its new liquefied natural gas supply business. The event was marked by a ceremony at the company’s Kwangyang LNG import terminal in Jeolla province. The terminal has previously supplied LNG only to the parent steelmaking company since 2005 when a commissioning cargo was shipped from Oman.
Posco Energy explained that it planned to bring in LNG cargoes and store them in tanks inside designated customs-bonded zones, before suppling them to buyers. It also noted that given the location, its Kwangyang terminal was capable of meeting the growing demand for LNG in neighbouring Asian countries such as China.
