LNG Terminal Project
Gwangyang LNG TerminalPOSCO 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 terminalTerminal 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.
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Name
Gwangyang LNG Terminal
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Location
2148-581, Jecheol-ro, Gwangyang-si, Jeonnam
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Site area
261,000m2
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Storage capacity
Total 730,000㎘
(unit 1-5 tanks in operation) -
Site configuration
LNG tank site, gas governing station site, LPG steam site
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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㎘.
| 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
| 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.
