Boryeong LNG Terminal Co., Ltd. was established as a joint venture between GS Energy and SK E&S for the purpose of distributing and supplying Korea’s growing demand for LNG. The terminal will be located within the Yeongbo Industrial Zone in Boryeong with facilities including three 200,000-kiloliter (52.8-million-gallon) LNG storage tanks, a 45,000-ton LPG tank, and a regasification plant. Construction is expected to be completed by January 2017. In concordance with the Korean government’s initiative to boost energy security and prevent recurring supply shortages, GS Energy plans to increase its involvement in the LNG market and seek new opportunities to further diversify our business portfolio and energy mix.
Sector: Renewables & Environment