Korea Energy Terminal Co – a joint venture between Korea National Oil Corporation and SK Gas Co – has opened for business, according to Korea media.
The $855m project, which has been 16 years in the making, has capacity for 4 million barrels of LNG.
For SK Gas, the terminal marks “a significant shift” from its LPG model into LNG. The site features three LNG tanks (645,000cbm) and in future, a total of six LNG tanks, and ammonia storage facilities, are earmarked within the Clean Energy Complex behind the terminal.
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