Hanyang approves additional construction plan for the 1st LNG storage tank

In March, the project’elasticity’ with the approval of an additional 200,000㎘-class LNG tank

▲ Detailed bird's-eye view of Hanyang's Northeast Asian LNG Hub Terminal.
▲ Detailed bird’s-eye view of Hanyang’s Northeast Asian LNG Hub Terminal.

[에너지신문] Hanyang Co., Ltd., which is constructing the Northeast Asian LNG Hub Terminal, received approval for the construction plan from the Ministry of Trade, Industry and Energy for one 200,000 ㎘-class LNG storage tank in March, followed by an additional 200,000 ㎘-class LNG storage tank for overseas trading. Approved as.

Hanyang Co., Ltd. announced on the 23rd that it has received approval from the Ministry of Trade, Industry and Energy on the 22nd that it has received approval for an additional tank construction plan for the natural gas import/export business of the’Northeast Asia LNG Hub Terminal’ located in Yeosu, Jeollanam-do.

For the Northeast Asian LNG Hub terminal business, Hanyang invested a total of 1.2 trillion won on the 650,000m2 site in Myodo, Yeosu-si, Jeollanam-do. It is a project to complete the construction of dock facilities in

In March, Hanyang received approval for the construction plan from the Ministry of Trade, Industry and Energy for one 200,000 ㎘-class LNG storage tank, and opened the door to advance into the LNG business. This time, an additional 200,000 ㎘-class LNG storage tank was approved for overseas trading. Upon receipt, it was announced that it was able to provide a service to store and export LNG to global LNG traders.

Hanyang started construction of the first LNG storage tank in October, and is aiming to complete the second LNG storage tank by the end of 2023. By 2024, a total of four LNG storage tanks in the first phase business plan will be completed sequentially. to be.

The LNG storage tank, which was approved for the construction plan in March, is intended to supply natural gas from the LNG hub terminal in Northeast Asia to the power plant using the pipe network of the Korea Gas Corporation, whereas the LNG storage tank that was approved for the construction plan this time does not use the pipe network. It is characterized in that it can be used to store LNG and then export it overseas.

As a result, Hanyang’s Northeast Asia LNG Hub Terminal has become an open private terminal, and it is expected to be able to trade with various domestic and foreign customers as global trading becomes possible beyond storage and supply for domestic customers.

Hanyang expects that if the’Northeast Asia LNG Hub Terminal’ is activated, free choices will be given to domestic LNG power generation, industrial demand, and hydrogen producers, which are increasing according to the eco-friendly energy conversion policy. In addition, it is expected to play a pivotal role as an LNG trading hub in Northeast Asia utilizing its geographical advantage.

As the LNG terminal business, which has been promoted as a future new business, has been cruising, Hanyang has entered a leading position in new and renewable projects such as solar power, and smart construction that participates as a construction business of Sejong Smart City. Explained that it was possible to spur.

Hanyang Co., Ltd. is showing prominence in the energy business, with not only the LNG terminal business but also the new and renewable energy business this year.

‘Solasido Solar Power Plant’, an onshore solar power plant equipped with the nation’s largest 98MW-class power generation facility and the world’s largest capacity 306MWh energy storage system (ESS), the largest award-winning solar power business in Korea with a 73MW class selected as a priority bidder in July It is also actively expanding its business areas in new renewable development and EPC fields such as the’Saemangeum Sunlight Sharing Project’.

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