about 12 years ago
POSCO of South Korea is reportedly aiming to sell a stake in the company’s LNG import terminal in the southwestern city of Gwangyang. The company may sell as much as 49 percent of the LNG import terminal, and has hired a foreign brokerage to manage the deal, worth more than 400 billion Korean won ($
POSCO of South Korea is reportedly aiming to sell a stake in the company’s LNG import terminal in the southwestern city of Gwangyang.
The company may sell as much as 49 percent of the LNG import terminal, and has hired a foreign brokerage to manage the deal, worth more than 400 billion Korean won ($387.26 million), Reuters informs.
The Gwangyang LNG terminal has a nominal annual capacity of 1.7 million tons of LNG and has started its operations in 2005.
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