Gold Sponsor POSCO International Investing In The Future of Liquefied Natural Gas (LNG)

AustCham Korea Gold Sponsor POSCO International declared it would invest 3.8 trillion won between 2023 and 2025 to establish a liquefied natural gas (LNG) value chain.

1.6 trillion won will be invested in constructing a liquefied natural gas (LNG) terminal. Funds will be used to build the Gwangyang one and two LNG terminals, the Dangjin LNG terminal and the North American liquefaction plants.

It will invest 1.3 trillion won to expand natural gas production in order to develop an onshore block of Australia’s Senex Energy, which it acquired this year, to develop a Mahar gas field in Myanmar and to start new rounds of exploration in Southeast Asia. Next, 700 billion won and 200 billion won will be invested in LNG power generation and eco-friendly energy.

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