POSCO International, LX to develop Dangjin LNG import terminal
POSCO International, LX to develop Dangjin LNG import terminal
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Natural Gas News
POSCO International, LX to develop Dangjin LNG import terminal
Summary
Once completed, the Dangjin LNG terminal will have an annual LNG handling capacity of 3.5mn metric tons. [Image: POSCO International] by: Shardul Sharma
South Korean companies POSCO International and LX International have signed an agreement to develop the Dangjin LNG terminal in South Chungcheong...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.