Gwangyang LNG Terminal

Summary Information

• Ownership: Posco
• Website: http://www.posco.co.kr/
• Location: Gwangyang
• Capacity: 1.7 million tons/annum
• Status: In Operation

+++ Technical Details

• Storage capacity: two 100,000kl storage tanks + One 165;000 kl
• Unloading capacity:
• Send out capacity: 260 tons/hour
• Constructor:

* **POSCO:** Engineering & Construction
* **DYWIDAG:** 2 full containment tanks, Design & Engineering & Prestressing 
* **Tractebel:** Turnkey contract for one 28 t/h recondensor

+++ History

• 1999 - Ground preparation started
• 2002 - Construction launched
• 2004 - BP signs supply agreement for the Gwangyang LNG Terminal
• 2005 - The first LNG vessel was docked in Gwangyang LNG Terminal to unload LNG for a test operation.

+++ Ongoing Projects/Project Status

• -

+++ Suppliers / Customers

• Suppliers: Tangguh Consortium of Indonesia - [[[Tangguh LNG Terminal]]]
• Customers: POSCO imports 1.15 million tons of LNG through Gwangyang LNG terminal, supplying 300,000 tons to Pohang Works, 250,000 tons to Gwangyang Works, and 600,000 tons to SK Group's K-Power Generation Plant

+++ Other Information

• Currently this is the only LNG terminal in Korea, not owned by Kogas

Links

1. Daelim LNG References]
2. DYWIDAG LNG Tank References
3. Tractebel Engineering LNG References
4. Groundbreaking for Kwangyang LNG Terminal
5. POSCO Constructs LNG Terminal in Gwangyang
6. Completion of LNG Terminal in Gwangyang Works
7. Details from POSCO E&C
8. Tangguh Partners Sign Gas Sales Agreement with K Power of Korea