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

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.

NFE logs $557 million net loss, continues Puerto Rico supply deal talks

US LNG player New Fortress Energy reported a net loss of $557 million in the second quarter of 2025, while it continues to negotiate a long-term gas sale agreement with PREPA to provide gas island-wide in Puerto Rico.

Jera in Montenegro LNG terminal move

Japan's power firm and LNG trader Jera and the government of Montenegro plan to sign a memorandum of understanding on the development of a liquefied natural gas (LNG) terminal and an associated gas-fired power plant.

More News Like This

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.

Trafigura, Kogas seal long-term US LNG supply deal

LNG trader Trafigura has signed a long-term deal to supply US LNG to South Korean importer Kogas.