Posco International, a unit of South Korean steel producer Posco, is joining forces with Posco Flow and the Yeosu Gwangyang Port Authority to develop a liquefied natural gas (LNG) bunkering business in the South Korean port.
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The global LNG bunkering vessel fleet may need to more than double by 2030 as demand from LNG-fueled ships grows faster than the infrastructure required to supply them, according to classification society DNV.
Posco International, a unit of South Korean steel producer Posco, and Korea Southern Power (Kospo) have signed a heads of agreement on the use of Posco International's Gwangyang LNG import terminal and the construction of a pipeline.
Posco International, a unit of South Korean steel producer Posco, is expanding cooperation with Norwegian energy firm Equinor in key energy sectors, including LNG.
US energy firm Glenfarne and Posco International, a unit of South Korean steel producer Posco, have signed a deal to advance a strategic partnership for the development of the Alaska LNG project. This includes initial terms for a long-term heads of agreement for LNG supply.