POSCO International Signs 975 Billion Won LNG Terminal Agreement with Korea Southern Power

POSCO International announced on June 11 that it has signed a basic agreement with Korea Southern Power on the use of a liquefied natural gas (LNG) terminal and a direct pipeline, with the contract valued at 975 billion won.

The contract period is from July 10, 2029, to December 31, 2059. The validity of this agreement will be maintained until the main contract is signed.

The two companies plan to conclude the main contract, which will specify the details of this agreement, by the end of this year.

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