Gas

GS Energy has established a trading division responsible for direct procurement of LNG to supply our downstream demand centers. This expansion into the mid-downstream sector opens opportunities to move further upstream in the LNG value chain going forward.

GS Energy supplies LNG to our downstream demand centers via our newly constructed LNG regasification terminal in Boryeong. GS Energy looks to further expand its trading volume and continue to provide a stable source of fuel to our LNG power plants. GS Energy has been able to successfully develop an integrated LNG value chain domestically, and now looks to expand this business model in overseas markets.

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Boryeong LNG Terminal Co., Ltd

Introduction

Boryeong LNG Terminal Co., Ltd. was established as a joint venture between GS Energy and SK E&S for the purpose of distributing and supplying Korea’s growing demand for LNG.

The terminal is located in the Yeongbo Industrial Zone at Boryeong with facilities including three 200,000-kiloliter (52.8-million-gallon) LNG storage tanks, a 45,000-ton LPG tank, and a regasification plant. Commercial operations began in January 2017.

In accordance with the Korean government’s initiative to boost energy security and prevent recurring supply shortages, GS Energy plans to increase its involvement in the LNG market and seek new opportunities to further diversify our business portfolio and energy mix.

  • Tel ) +82-2-6263-9990
  • Address ) Yeongbo-ri 21-104, Ocheon-myeon, Boryeong, South Chungcheong Province, Korea (355-844)
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