GS Energy has established the foundation for its LNG business through the establishment of a trading company for LNG supply and the operation of LNG Terminal.
Currently, GS Energy supplies natural gas for self-consumption, including power generation and industrial use, to various domestic LNG direct-importing companies through the Boryeong LNG Terminal. In response to the increasing demand for direct imports of natural gas, GS Energy plans to expand its LNG business capabilities by enhancing its competitive fuel supply system, considering terminal tank expansion, and terminal expansion.
Furthermore, by entering the upstream sector and building an integrated LNG Value Chain, as well as expanding its business model in international markets, GS Energy will solidify its position as a global player in the LNG industry.
- Boryeong LNG Terminal
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The Boryeong LNG Terminal is a joint venture company established in February 2013 through a 50:50 investment by GS Energy and SK E&S, with the purpose of constructing and operating an LNG receiving terminal for the supply of self-consumed natural gas.
The Boryeong LNG Terminal commenced commercial operation in January 2017 with a total storage capacity of 600,000 kℓ, and currently supplies approximately 7 million tons of natural gas annually for power generation and industrial use with a total storage capacity of 1.4 million kℓ.
In response to the increasing demand for self-consumed natural gas imports, there are plans to gradually expand the supply capacity. The terminal will continue to make efforts to contribute to the stable supply of energy and cost savings for the nation.Sales 347,528 Operating profit 80,755 Asset 1,690,361 Unit : one million won(As of 22 years)
Phase 1 COD : '17.01.01 Phase 2-1 COD : '19.07.01 Phase 2-2 COD : '21.10.01 Phase 2-3 COD : '23.07.31 · LNG Tank : Units 1-3 (200,000 kℓ each)
· LPG Tank : Units 1 (77,000 kℓ)
· Regasification Capacity : 490 ton/h
· 1st Jetty (180,000m3)
· LNG Tank : Unit 4 (200,000 kℓ)
· Additional regas capacity of 209 ton/h
· LNG Tank : Unit 5-6 (200,000 kℓ each)
· Additional regas capacity of 260 ton/h
· 2nd Jetty (180,000m3)
· LNG Tank : Unit 7 (200,000 kℓ)
· Additional regas capacity of 660 ton/h (1,400 ton/h in total)
- Tel: 041-939-9955
- Address: Ocheon Hae-an ro 333, Ocheon myeon, Boryeon si, Chungcheongnam do
- GS Energy Trading Singapore
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GS Energy Trading Singapore (GSETS) was established in February 2014 in Singapore as a trading subsidiary of GS Energy, with the goal of securing competitive LNG and providing it to domestic and international natural gas consumers.GSETS, based on annual long-term LNG contract volumes of over 1.5 million tons, timely secures competitive spot LNG reflecting market conditions and supplies it to Korea through the Boryeong LNG Terminal.
Furthermore, GSETS diversifies LNG supply by working with various LNG importers in Korea and actively responds to the increasing demand for environmentally friendly LNG by securing and supplying competitive LNG in a timely manner, contributing to the energy industry in South Korea.
In the future, the company will monitor global LNG supply and demand trends and market conditions through Singapore, an international LNG hub, and contribute to stable and competitive energy supply.Sales 1,564,286 Operating profit 80,223 Asset 198,477 Unit : one million won(As of 22 years)
- Tel: +65 6884 5510
- Address: 5 Temasek boulevard #15-06, Suntec City Tower Five, Singapore 0389