{"url":"https://newsforagent.com/news/2026-11-10/posco-international-gwangyang-lng-terminal","markdown_url":"https://newsforagent.com/news/2026-11-10/posco-international-gwangyang-lng-terminal.md","title":"Posco International Completes $700 Million LNG Terminal","headline":"Posco International Completes $700 Million Second LNG Terminal in Gwangyang","description":"Posco International completed its second Gwangyang LNG terminal, a 949.2 billion won project adding two 200,000-cubic-meter tanks and lifting storage to 1.33 million kiloliters.","section":"Expansion","published_at":"2026-11-10T04:04:13+00:00","modified_at":"2026-11-10T04:04:13+00:00","author":"News Desk","key_takeaways":["Posco International completed its second LNG terminal in Gwangyang at a cost of 949.2 billion won ($700 million) over 47 months.","The expansion adds two 200,000-cubic-meter storage tanks and raises combined storage capacity to 1.33 million kiloliters.","POSCO Group Chairman Chang In-hwa said the terminal demonstrates the group's energy resources strategy on the ground."],"companies":[{"name":"Posco International","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0006a9y/posco-international","website":"http://poscointl.com"},{"name":"POSCO E&C","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0006vjy/posco-e-c","website":"http://www.poscoenc.com"},{"name":"Posco","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0000kbu/posco","website":"http://posco.com"}],"source":{"publisher":"Koreatimes","title":"POSCO International completes $700 mil. LNG terminal expansion in Gwangyang","url":"https://www.koreatimes.co.kr/business/companies/20261110/posco-international-completes-700-mil-lng-terminal-expansion-in-gwangyang?utm_source=rss"},"other_sources":[],"tags":["Expansion","Posco International","POSCO E&C","Posco"],"body_markdown":"[Posco International](https://akta.pro/company-profiles/0006a9y/posco-international) completed its second liquefied natural gas terminal in Gwangyang at a cost of 949.2 billion won ($700 million), the company said, after 47 months of construction. The Korea Times reported that the project adds two storage tanks of 200,000 cubic meters each and supporting facilities. [Posco](https://akta.pro/company-profiles/0000kbu/posco) International is the energy and trading arm of POSCO Group, operating integrated value chains across energy, materials and food in 51 countries as a subsidiary of POSCO Holdings. The details were reported by [Koreatimes](https://www.koreatimes.co.kr/business/companies/20261110/posco-international-completes-700-mil-lng-terminal-expansion-in-gwangyang?utm_source=rss).\n\n## Posco International's Gwangyang Terminal Expansion\n\nThe completion ceremony at the Gwangyang LNG terminal drew about 100 people, including government officials, business representatives and POSCO Group executives. The development includes a berth for LNG carriers of up to 270,000 cubic meters and a separate bunkering berth for vessels of up to 20,000 cubic meters. Combined storage at the first and second terminals rose from 930,000 kiloliters to 1.33 million kiloliters, the largest capacity operated by a single private company in Korea, according to the company. Posco International said the facilities can store enough heating gas for the entire Korean population for 40 days.\n\n[POSCO E&C](https://akta.pro/company-profiles/0006vjy/posco-e-c) handled construction of the terminal, while POSCO supplied cryogenic high-manganese steel developed for the facility and Posco International oversees operations. POSCO E&C's earlier reported work includes the 'The Shop Yeoju Station The First' housing project, which began accepting applications on September 14, according to Businesskorea.\n\n## Posco International's Energy and Trading Scale\n\nPosco International maintains trading operations and partnerships across 51 countries, according to akta.pro [company records](https://akta.pro/company-data). The same records list a 20-year LNG offtake agreement with Glenfarne Alaska LNG signed in April 2025, under which Posco International will supply steel products for the Alaska LNG project and offtake the LNG produced. The company's funding records show total funding of $599.5 million, including a $500 million five-year USD bond issued in June 2026 that drew $2 billion in orders.\n\n## Posco International's Moves Before Gwangyang\n\nIn November 2026, Korea Aerospace Industries, FEMIA and Posco International signed a tripartite MoU to position Mexico as KAI's primary manufacturing and export hub for the Americas, Mexico Business News reported. In October 2026, Posco International corrected its debt-guarantee disclosure, naming Appalachian USA as debtor for a US shale gas asset acquisition, with the guarantee at KRW 1.05 trillion and total outstanding guarantees revised to KRW 1.26 trillion from KRW 593.18 billion, The future of trading reported. In September 2026, POSCO Holdings said it plans to reduce stakes in POSCO International and POSCO DX to 50% by 2027, Seeking Alpha reported.\n\n## What Posco International Plans Next\n\nPosco International plans to connect the expanded storage and processing capabilities with its global LNG procurement network to improve trading competitiveness. The terminal already provides commissioning services to test LNG carriers before delivery and supplies marine fuel through port-to-ship bunkering, with plans to expand into ship-to-ship fuel transfers.\n\n\"With this completion, we will enhance the completeness of our LNG value chain and contribute to national energy security,\" Chang In-hwa, chairman of POSCO Group, said.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}