South Korea’s Kogas fires up Samcheok LNG tanks

South Korea’s Kogas said Thursday it started commercial operations of three liquefied natural gas (LNG) storage tanks at its Samcheok receiving terminal located some 290 kilometers east of Seoul.

Kogas has been testing the three 270,000-cbm capacity LNG storage tanks since March this year.

The company claims that these tanks are the largest of its kind in the world.

Kogas, the world’s second-biggest corporate LNG importer said in a statement the first storage tank began operating last month with the two other tanks starting operations on June 14 and June 15, respectively.

The Samcheok import terminal now has a total storage capacity of 2.6 million cubic meters of LNG in twelve storage tanks.

Including the latest additions, Kogas operates in total 74 LNG storage tanks in South Korea and overseas.

The company imports approximately 96 percent of Korea’s LNG demand via its four LNG terminals, namely Incheon, Pyeongtaek, Tongyeong and Samcheok.

LNG World News Staff