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With POSCO

LNG Terminal Project

Gwangyang LNG Terminal

POSCO ENERGY runs a LNG Terminal at Gwangyang.
We are growing into a Gas & Power-centered energy company by linking LNG terminal
with power generation business.

Total storage capacity 730,000㎘

Gwangyang LNG Terminal

Korea's first private LNG terminal

Terminal Overview

POSCO ENERGY entered into ‘Gwangyang LNG Terminal project transfer agreement’ at the board meeting in April, 2019 and started to undertake the LNG Terminal project from September.
Gwangyang LNG Terminal is Korea's first private LNG terminal and has the equipment that loads and unloads, stores, evaporates,
and emits the LNG introduced to Korea.

Gwangyang LNG Terminal
Gwangyang LNG Terminal
  • Name

    Gwangyang LNG Terminal

  • Location

    2148-581, Jecheol-ro, Gwangyang-si, Jeonnam

  • Site area

    261,000m2

  • Storage capacity

    Total 730,000㎘
    (unit 1-5 tanks in operation)

  • Site configuration

    LNG tank site, gas governing station site, LPG steam site

  • Features

    Korea's first
    private LNG terminal

Major construction schedule

Composition of equipment

Gwangyang LNG Terminal was first constructed by domestic private enterprise in 2005.
POSCO ENERGY runs unit 1-5 tanks in total and unit 1-5 tanks hold
the total storage capacity of 730,000㎘.

Gwangyang LNG terminal storage capacity
Classification Capacity Date of work completion
unit 1 100,000㎘ Jun 2005
unit 2 100,000㎘ Jun 2005
unit 3 165,000㎘ Oct 2010
unit 4 165,000㎘ May 2013
unit 5 200,000㎘ Dec 2019

Gwangyang LNG terminal storage capacity unit(ten thousand ㎘)

Key equipment and applications

Key equipment and applications information Table
Classification Equipment use
LNG tank stores LNG (liquefied natural gas)
LNG pump applies pressure to the low-pressure LNG for supply to carburettor in high pressure
BOG recondenser blends the compressed evaporation gas with LNG and liquefies again.
Carburettor elevates the temperature of seawater or burns the LNG and then vaporizes LNG with the heat that occurs
BOG compressor compresses the evaporation gas that comes from LNG storage tank and piping
SOG compressor compresses the BOG compressed from BOG compressor and sends out to the KOGAS pipe network
LPG storage tank stores LPG (liquefied petroleum gas)

LNG Project Value Chain

LNG Value Chain is the process of developing natural gas, transporting and supplying to the final consumption stage.
POSCO ENERGY is planning to amplify the synergy by unifying the Midstream and Downstream under one authority with Gwangyang LNG terminal operation, rental business, and LNG combined cycle power plant operation.

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    • Overview
    • Vision of POSCO
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    • CEO Message
    • CI
    • Location
  • Business
    • Business Overview
    • Power Generation
    • Renewable Energy
    • Global Business
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    • Financial Highlights
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    • Sustainable Management System
    • Ethical Management
    • Environmental /Safety & Health system
    • Shared Growth
    • CSR
  • PR Center
    • News
    • PR Center
    • Table Tennis TEAM
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