Kogas raises roofs on four Dangjin LNG tanks

According to a statement by Kogas, the operation of lifting the roof using air pressure on the third LNG tank took place on August 14.

The roof weighing 1,350 tons was lifted to a height of about 45 meters.

In May, Kogas lifted the roof on the first of four 270,000-cbm LNG tanks being built at the terminal, the largest LNG tanks in South Korea.

Also, Kogas completed the roof raising on the second and fourth tank in June, it said in the statement.

Back in 2021, Doosan Heavy Industries & Construction and its partner Kuil Construction won the contract from Kogas to build the four LNG tanks as part of the first phase of the Dangjin LNG terminal.

This phase will be completed next year but Kogas has plans to build in total ten LNG tanks by 2030.

Kogas LNG business

Kogas currently operates 77 LNG storage tanks at five LNG import terminals in South Korea, and the company is one of the world’s largest LNG importers.

The large terminals include Incheon, Pyeongtaek, Tongyeong, and Samcheok, while the firm has a small-scale regasification terminal at the Aewol port on Jeju island as well.

Earlier this year, Kogas signed a new long-term LNG sale and purchase deal with UK-based energy giant BP to buy up to 9.8 million tonnes of LNG over 11 years on a delivered ex-ship (DES) basis.

This deal is in addition to the existing long-term SPA between BP and Kogas for DES supply of LNG that was signed in 2022.

Prior to this new deal with BP, Kogas agreed to buy about 0.5 million tonnes per year of LNG for a period of 10.5 years on a delivered basis from Australia’s Woodside.