AmericasAsiaContracts and Tenders

Posco’s steel for LNG storage tanks gets OK from ExxonMobil

By LNG Prime Staff
Posco's steel for LNG storage tanks gets OK from ExxonMobil
Image: Posco

A unit of US energy giant ExxonMobil has awarded South Korea’s Posco with technology qualification to construct LNG onshore storage tanks out of high manganese steel.

The certificate delivery ceremony took place in South Korea on May 25 attended by ExxonMobil Upstream Company’s Peter Clark, senior VP of LNG, and head of Posco Technical Research Laboratories, Se-Don Joo, according to a short statement by ExxonMobil LNG.

Steel maker Posco said in a separate statement it hopes this approval would lead to the company supplying ExxonMobil’s global LNG projects.

Posco and ExxonMobil signed a technical agreement in October 2020 to expand the use of high manganese steel in the energy industry.

ExxonMobil tested the steel for two years before approving it for the storage and transportation of LNG, Posco said.

According to Posco, it has already applied the steel, which contains from 10 percent to up to 30 percent of manganese, in the fifth tank of its LNG import terminal at Gwangyang.

In addition, it also used this steel for fuel tanks of about 20 LNG-powered ships, according to the statement.

Beside LNG tanks, the two firms would also collaborate in hydrogen and carbon capture, utilization, and storage (CCUS) technology, Posco added.

Most Popular

LNG Terminals

Glenfarne still expects Texas LNG FID by end of this year

US energy firm Glenfarne confirmed it is targeting a final investment decision on its planned 4 mtpa Texas LNG export project in the port of Brownsville by the end of 2025 after the US FERC issued the final supplemental environmental impact statement for the project.
LNG Terminals

Kosmos: Tortue FLNG to hit full capacity in Q4

UK-based energy giant BP and its partners expect the 2.7 mtpa Golar FLNG Gimi, which serves the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, to reach its nameplate capacity in the fourth quarter of this year, according to US-based Kosmos Energy.
LNG Terminals

Equinor’s Hammerfest LNG back online after maintenance

Norwegian energy firm Equinor has resumed operations at its 4.3 mtpa Hammerfest LNG export plant following an extended maintenance shutdown, a spokesperson for Equinor told LNG Prime on Monday.

More News Like This

LNG Terminals

Golden Pass LNG gets new FERC approval as commissioning progresses

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is moving forward with commissioning activities at its two-train LNG plant in Texas with a new approval from the US FERC.
LNG Terminals

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.
Contracts and Tenders

Posco E&C secures contract for Thailand’s third LNG terminal

Posco E&C, a unit of South Korea’s top steel producer Posco, has secured a contract from Gulf Development for Thailand's third LNG import terminal.
Contracts and Tenders

Golden Pass LNG contractors agree terms for second and third train

Japan's Chiyoda and US-based McDermott have signed a binding term sheet with Golden Pass LNG, a joint venture owned by QatarEnergy and ExxonMobil, to complete the construction of the second and third liquefaction units at the giant LNG export plant in Texas.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA