StrategyEnergy ManagementEnergy Business

Energy Business

POSCO started the energy business by building LNG terminal, importing LNG directly, and taking over the POSCO Power, which is intended to take proactive actions towards the international environmental challenges and procure the necessary resources. POSCO will attain stable, efficient, and eco-friendly energy supply with its energy business

Gwangyang LNG Terminal

1. Location

- Within the Gwangyang Works in Gwangyang-city, Jeollanam-do
  (Land: 90,000 pyeong)

2. Plant details

- LNG Tank : 100,00kL levelx2 tanks (Max 1700,000 tons)
- Harbor.Cargo facilities : 165,000m3 level 1 vessel
- Vaporization transmission facility and Utility equipments

3. Importing Line

- Made in Tanggu, Indonesia (run by the BP Corp.)

4. Construction period

- '02.11 ~ '05.6(32Months)

POSCO Power

1. Introduction

- POSCO Power is the largest private LNG Power Plant in Korea,
  It secures the stable profit based on the power purchaset
  agreement (PPA) with Korea Electric Power Corporation.

2. Location

- Incheon Metropolitan City, Korea

3. Equipment Capacity

- 1,800MW (450MW ¡¿ 4 machines)

4. Plant Fuels

- Natural Gas and Diesel