South Korean consortium completes Kuwait’s Al-Zour LNG import terminal

South Korea’s Hyundai Engineering, a unit of Hyundai Motor Group, and its partners have completed what they say is the world’s largest LNG import terminal in Kuwait.

Hyundai Engineering, Hyundai E&C, and Kogas announced the completion of the 22 mtpa facility operated by Kuwait Petroleum’s unit KIPIC in a statement on Wednesday.

With this, the LNG import facility has started full-scale commercial operations, the statement said.

The consortium led by Hyundai won the construction project valued at $2.93 billion in 2016 from KIPIC.

KIPIC’s regasification facility has a capacity of 130,000 cubic meters of gas per day, as well as eight LNG storage tanks capable of storing 225,000 cubic meters.

Kuwait Petroleum formed KIPIC in 2016 to manage refinery, petrochemicals and LNG import operations in the giant Al-Zour complex.

The Al-Zour complex and the LNG import terminal are located some 90 kilometers south of the capital Kuwait City.

The facility received its first commissioning cargo in July this year from Qatargas, followed by more shipments from Qatar as well.

Most Popular

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.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

Another steam LNG carrier sold for demolition

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

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.