POSCO’s Gwangyang LNG Terminal Stores 40 Days of Korea’s Heating Gas | November 11 2026 | Industry - 동영상 Dailymotion

Seoul Economic Daily

Korea just gained a major private buffer against gas supply shocks. POSCO International completed its second LNG terminal in Gwangyang after 47 months and 949.2 billion won (about $710 million) of investment. Two new tanks raise storage from 930,000 to 1.33 million kiloliters, enough for 40 days of household heating. The company targets 9 trillion won (about $6.7 billion) in LNG revenue by 2031.  Sources:  40 Days of Heating Gas in Storage: POSCO Completes Gwangyang LNG Terminal 2 — Seoul Economic Daily, November 11, 2026  About AI PRISM: AI PRISM is Seoul Economic Daily’s WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance and reviewed by a human editor.  Tags: #POSCO #LNG #EnergySecurity #KoreaIndustry #SupplyChain #KOSPI #AIPRISM #SeoulEconomicDaily #WANIFRA

Transcript

00:03POSCO

00:04POSCO

00:04just added enough gas storage

00:06to cover 40 days of Korea's

00:08household heating. The project

00:10took 47 months.

00:12Storage capacity jumped by

00:13400,000 kL

00:15and the tanks are built to withstand

00:17a magnitude 7.4

00:19earthquake. It's Wednesday,

00:21November 11. Let's take a look at

00:23a key development in Korea's industry sector.

00:26POSCO International

00:27completed the second LNG terminal

00:30at Gwangyang on November 10.

00:32Korea imports nearly

00:33all of its natural gas, which makes

00:36storage a matter of energy security.

00:38The terminal anchors

00:39POSCO's plan to build an LNG

00:41value chain from import to

00:43power generation. Here's what

00:45the numbers show.

00:47949.2 billion

00:49won, about 710

00:51million dollars, went into the

00:53expansion. Two new

00:55200,000 kL tanks

00:57lift total capacity from

00:59930,000 to

01:011.33 million kL.

01:04POSCO International

01:05targets LNG revenue of

01:079 trillion won, about

01:096.7 billion dollars, by

01:112031. That

01:13compares with 4 trillion won in

01:152025. Operating profit

01:17is targeted at 1.4 trillion won

01:20by 2031.

01:22So, what does this mean for

01:23industry and supply chain analysts?

01:26Earlier, we said this storage

01:27covers 40 days of household heating.

01:30Here's what that actually means

01:32for you. Korea is building

01:33a private sector buffer against

01:35global LNG supply shocks.

01:38Utilization rates at the new

01:40Gwangyang tanks.

01:41POSCO International's long-term LNG

01:43import contracts. Progress

01:45toward the 2028 revenue

01:47milestone of 6.3 trillion won.

01:50That's today's

01:51AI Prism, Industry Daily.

01:54This episode was produced with

01:55AI Assistants based on

01:57Seoul Economic Daily reporting

01:59and reviewed by a human editor.

02:01AI Prism is a won infra

02:03award-winning series. We'll be back

02:05tomorrow.

POSCO’s Gwangyang LNG Terminal Stores 40 Days of Korea’s Heating Gas | November 11 2026 | Industry

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