South Korea’s Doosan Heavy bags Dangjin LNG tank gig from Kogas

South Korea’s Doosan Heavy Industries & Construction said it has won a contract from compatriot Kogas to build storage tanks at the latter’s planned LNG import terminal in Dangjin.

Under the contract worth 610 billion won ($530.6 million), Doosan Heavy and local partner Kuil Construction will build four LNG storage tanks in the coastal city of Dangjin in South Chungcheong Province.

The power plant builder said in a statement it has a 90 percent stake in the consortium and its contract share amounts to 550 billion won ($478.4 million).

Moreover, Doosan Heavy said each of the LNG tanks would have a capacity of 270,000 kiloliters, making them the biggest in South Korea.

Doosan Heavy added construction would begin in August and last until December 2025.

State-owned LNG importer Kogas previously said it aims to build up to ten LNG storage tanks at the 11.6 mtpa Dangjin facility in two phases.

Kogas currently operates four large-scale LNG terminals, namely Incheon, Pyeong-Taek, Tong-Yeong, and Samcheok, as well as a small-scale regasification terminal at the Aewol port on Jeju island.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

More News Like This

South Korea’s Kogas says August sales down

South Korean LNG importing giant Kogas said its gas sales decreased by 10.8 percent in August compared to last year.

TotalEnergies pens LNG supply deal with South Korea’s Kogas

French energy giant TotalEnergies has entered into a long-term agreement with South Korean LNG importer Kogas to supply the latter with liquefied natural gas.

Kogas, Kospo seal 10-year gas supply deal

South Korean LNG importing giant Kogas has signed a 10-year gas supply deal with Korea Southern Power (Kospo).

LNG Canada sends tenth cargo

Shell-led LNG Canada has shipped the tenth cargo of liquefied natural gas from its Kitimat facility on the west coast of Canada.